Examining the shared development of socialist political economics with Chinese characteristics

Abstract

Purpose The shared development concept is crucial for the construction of a socialist political economy with Chinese characteristics. The paper aims to discuss this issue. Design/methodology/approach This is because shared development constitutes the logic thread of the socialist political economy with Chinese characteristics and the core for the formation and development of its whole system. Findings China’s modernization is well underway and is following a unique path with its own characteristics, whereby shared development is undoubtedly one of its core values. Originality/value In the new era, the development path under the concept of shared development of socialism with Chinese characteristics must adhere to the all-round development of human beings, promote social equity and justice via development, and embrace inclusive growth, specifically, pro-poor growth.