Rationalizing Institutional Mechanisms, Developing Mixed Ownership
Since World War II (WWII), mixed ownership has become the major form of the world economies. In China, a mixed form of economy with public ownership in dominance has also been formed since the Reform and Opening-Up. However, to further optimize the economic system in China, mutual development of various economic forms is not enough. What is also needed is to have “variously-owned capital to complement and improve each other and to develop simultaneously” so that the overall quality of the national economy is enhanced and a micro-sector is formed that supports the sustained optimization of the basic economic system—the economic sector of mixed ownership.