The Construction of a Legal System for China's Market Economy

Abstract

In order to seize the opportunities created by entry into the WTO; meet a variety of challenges; integrate the Chinese economy into the international community through reform, liberalization, adjustment, and innovation; and achieve China’s targets for development and modernization, it is critical to harmonize the Chinese legal system with socialist market economy, utilizing the agreements and rules of the WTO. In this way, a fairer legal environment will emerge for actors in both the domestic and foreign markets.

Keywords

Economic systems, Legal reform, Markets (Economics), China, World Trade Organization

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Authors

Wang Jiafu (Chinese Academy of Social Sciences)

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