The Centenary of the CPC: Socialist Industrial Development and Historical Experience

Huang Qunhui (黄群慧)*

Institute of Economics, Chinese Academy of Social Sciences (CASS), Beijing, China

Abstract: Socialist industrialization in a populous agrarian country like China is a complex, arduous, and long-term task. Under the leadership of the Communist Party of China (CPC) , the Chinese people have initiated a new way of socialist industrialization suitable to China’s national conditions after assiduous efforts. Brilliant achievements of historic importance have been made in China’s industrial development. In just a few decades, China completed an industrialization process that took centuries in the developed world and established the world’s most complete modern industrial system, becoming the second-largest economy and the largest manufacturing nation in the world. This achievement is of great historic and worldwide significance. Over its centennial history, CPC has completed the historic task of opposing imperialism and feudalism during the New Democratic Revolution, which created political conditions essential for the nation’s socialist industrialization. During this socialist revolution and development, the CPC has led the nation to build complete industrial and economic systems. In the era of reform and opening up and socialist modernization, the CPC has led the nation to industrialize and become the equal of more advanced economies. In the new era of Chinese socialism, the CPC has led the nation to accomplish the goal of building a moderately prosperous society in all respects and pursuing high-quality industrial development. China’s industrial achievements can be attributed to the following factors: First, the CPC’s strong leadership, adherence to its founding aspiration and unwavering commitment to socialist industrialization; second, the application of the Marxist principles taking into account China’s actual conditions; third, proactively exploring and following the laws of industrialization for China as a large country and keeping industrial development in alignment with evolving conditions.

Keywords: CPC’s leadership, socialist industrialization, industrialization for a large country

JEL Classification Code: N65, N15, O14, O53

DOI: 10.19602/j.chinaeconomist.2021.11.02