Abstract: The "Two Integrations"-a fundamental experience of the Party's theoretical innovation summarized in the report of the 20th CPC National Congress and a key concept emphasized by General Secretary Xi Jinping, who has also elaborated on the significance of the "Second Integration"-represent a profound synthesis of Marxist principles with China's realities and cultural heritage. Our party's economic thought that emerged during the New Democratic Revolution period represented the first theoretical innovation integrating Marxist political economy with both the practice of the Chinese New Democratic Revolution and China's excellent traditional culture. It carried forward and developed the Chinese nation's fine tradition of resisting oppression, while innovatively advancing new ideologies against imperialism and feudalism through the civilizational DNA of opposing exploitation embedded in Chinese civilization. This theoretical innovation, forged through the integration of Marxist theory with Chinese revolutionary practice, crystallized China's original theoretical and ideological constructs that provided Sinicized Marxist solutions to the agrarian question and the national bourgeoisie issue. These developments gave birth to the New Democratic political economy, which constituted one of the three fundamental economic programs guiding China's New Democratic Revolution. As the first indigenous innovation in Marxist economic theory to emerge in China, it stands as an exemplary success of the “Two integration" principle –synthesizing Marxist fundamentals with both China's concrete realities and its civilizational essence.

Key words:

the economic thinking of new democracy, “Two Integrations”, theoretical innovation, sinicization of Marxism