Socialist market economy
The socialist market economy is seen by the Communist Party of China as an early stage in the development of socialism (this stage is variously called the "primary" or "preliminary" stage of socialism), where public ownership coexists alongside a diverse range of non-public forms of ownership. The Communist Party of China maintains that despite the co-existence of private capitalists and entrepreneurs with public and collective enterprise, China is not a capitalist country because the party retains control over the direction of the country, maintaining its course of socialist development. Proponents of this economic model distinguish it from market socialism as market socialists believe that economic planning is unattainable, undesirable or ineffective and thus view the market as an integral part of socialism whereas proponents of the socialist market economy view markets as a temporary phase in development of a fully planned economy.
Ideology of the Communist Party of China
The guiding ideology of Marxism, the common ideal of the socialism with Chinese characteristics, the national spirit with patriotism as the core, the spirit of the times with reform and innovation as the core, and the socialist concept of honour and disgrace constitute the basic contents of the socialist core values system. We should persist in integrating the socialist core values system into the entire process of national education and the building of a spiritual civilization and having it run through the various aspect of the modernization drive.