Socialist patriotism
The Communist Party of China and the government of China advocate socialist patriotism. The Communist Party of China describes the policy of socialist patriotism as the following: "Socialist patriotism has three levels. At the first level, individuals should subordinate their personal interests to the interests of the state. At the second level, individuals should subordinate their personal destiny to the destiny of our socialist system. At the third level, individuals should subordinate their personal future to the future of our communist cause." The PRC portrays the Communist government as the embodiment of the will of the Chinese people.
Socialist market economy
The transition to a socialist market economy began in 1978 when Deng Xiaoping introduced his program of socialism with Chinese characteristics. Initial reforms in decollectivising agriculture and opening the economy to foreign investment in the late 1970s and early 1980s later led to large-scale radical reforms, including corporatization of the state sector, partial privatisation of some enterprises, liberalisation of trade and prices and dismantling of the "iron rice bowl" system of job security in the late 1990s. With Deng Xiaoping's reforms, China's GDP rose from some US$150 billion in 1978 to more than $1.6 trillion in 2004, with an annual increase of 9.4 percent.