BEIJING, March 3 (Xinhuanet) ¨C A good market economy should be based on
the rule of law, according to Wu Jinglian, an economist and a member of the
National Committee of the Chinese People¡¯s Political Consultative Conference,
the country¡¯s top advisory body.
Wu said, ¡°The
establishment of a market economy does not mean that all problems have been
solved. The reality compels us to ask ourselves whether there is a good market
economy and a bad one. If so, what is a good market economy? And what is a bad
economy?¡±
¡°I think a good
market economy should be based on the rule of law,¡± he
noted.
In his view, a
market economy means the relationship through wh8ich equal owners exchange their
property rights; the role of the rule of law serves to make sure that trading on
ones¡¯ own can proceed in orderly conditions.
The government
should not excessively use legal means to standardize all economic activities
including micro-economic behaviors, he said.
The establishment of the
framework for a market economic structure has been completed basically in the
areas taking the lead in economic restructuring. ¡°Yet we find that many problems
cannot be solved purely with economics,¡± he said. Enditem
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