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LI Dongxu, FENG Xiaochuan, ZHAO Xiaoyang China Economic Studies    2025, 0 (03): 135-.   Abstract （1121）      PDF （1626KB）（467）       Knowledge map    The rapid development of digital platforms in recent years has played an important role in improving the efficiency of the industrial economy; however, the growth of some leading companies such as Alibaba, while promoting the development of the platform economy, has raised issues of market equality.This study employs a case study of Alibaba, using fruitful hand–collected qualitative materials and financial information, and analyzes the commercial logic of how this online platform became the world's largest digital giant. Then we discuss the legal foundation of the antitrust enforcement that has recently been imposed on this digital giant. Meanwhile, we provide first-hand evidence about the effects of antitrust enforcement on market reactions and financial performance of other online platforms. We argue that there can be tacit collusion among Chinese digital platforms,which provides supportive empirical evidence for the recent antitrust enforcement.In addition, we find that after receiving antitrust punishment, Alibaba has encountered significant declines in profit margins and R&D expenditures, indicating that diminished monopolistic rents discourage the tech giant from engaging in innovative activities. Based on these findings, we argue that antitrust enforcement on digital platforms should be accompanied by a series of policies ensuring platforms' innovation motives, and leading platforms should be encouraged to work with middle–to–small platforms to achieve high–quality development of the digital industry.  Related Articles | Metrics

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PEI Changhong China Economic Studies    2025, 0 (04): 1-.   Abstract （590）      PDF （716KB）（1258）       Knowledge map    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. Related Articles | Metrics

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An International Comparative Study of National Income Distribution under the Goal of Common Prosperity TANG Ya, XU Xianchun, WANG Yang China Economic Studies    2025, 0 (02): 42-.   Abstract （531）      PDF （1252KB）（534）       Knowledge map    National income distribution is a key issue in the study of how to promote common prosperity through high quality development. This paper conducts an international comparison study on national income distribution based on the data of the adjusted international comparable flow of funds table. This study draws the following conclusions: compared to the foreign countries, (i) within the primary distribution, the total income of the enterprise sector erodes the income of household sector, indicating the capital factor is stronger than the labor one in China; (ii) within the secondary distribution, the adjustment function of social security and tax underplay its role; (iii) within the redistribution in kind, the scale of social transfers in kind in China is relatively lower, and the function of public services is limited in improving households' welfare. We suggest to improve the distribution mechanism based on production factors, improve the system of tax, social security and public services, promoting the realization of common prosperity through high–quality development.  Related Articles | Metrics

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Hong Yongmiao、LIN Tao、SHI JiuLing China Economic Studies    2025, 0 (03): 1-.   Abstract （506）      PDF （1318KB）（1449）       Knowledge map    As a foundational and strategic resource, data possesses unique natural and economic attributes. Its role as a key driver of digital economic development lies not only in its ability to continuously enhance productivity, but also in its intrinsic role in fostering the development of new quality productive forces, the reshaping economic structures, and the modernization of governance capabilities. However, the full realization of data's utility value must be built on the scientific measurement of its value and the effective establishment of trading mechanisms--both of which pose urgent demands for the construction of a robust data factor market. This paper provides a systematic economic analysis of the basic attributes, value formation, and market construction of data as a factor of production. First, it elucidates the formation logic of data's economic characteristics from the perspective of its natural attributes. Second, drawing on Marx's labor theory of value, it systematically examines the processes of value creation and value transfer related to data. Third,it analyzes the key challenges in building a data factor market in terms of data ownership clarification, data circulation, data transactions, and data governance, and offers policy recommendations for advancing a data factor system with Chinese characteristics. Finally, it explores the broader significance of establishing a discipline of data economics within the framework of developing an independent Chinese economic knowledge system. Related Articles | Metrics

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Theoretical System of Socialist Political Economy with Chinese Characteristics: Preconditions and System Construction BAI Yongxiu , ZHAO Xinghua China Economic Studies    2025, 0 (02): 1-.   Abstract （450）      PDF （1464KB）（614）       Knowledge map    The scientificity and degree of theoretical system construction is an important sign to measure the maturity of a subject. After reviewing and summarizing the construction ideas of the socialist political economy with Chinese characteristics, it is found that there are three main paths: construction by referring to the more mature theoretical system, construction by gathering major practical problems, and construction by focusing on research mainline, Based on the construction ideas of the above three main paths, this paper takes the ownership structure of the means of production in the primary stage of socialism as the logical starting point, takes the production relations in the primary stage of socialism as the object of study, focuses on the dialectical unity relationship between market efficiency and social equity, takes Marxist political economy as the guidance, and draws on the reasonable components of western economics. In close connection with the practice of economic development in the primary stage of socialism with Chinese characteristics, and in accordance with “an overall-particular-overall” structural arrangement, the seven-part system covering the theory of production mode and basic economic system, production theory, distribution theory, exchange theory, consumption theory, macroeconomic theory and foreign economic theory has been constructed. Related Articles | Metrics

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HAN Qing, HU Kun, CHEN Ke China Economic Studies    2025, 0 (03): 88-.   Abstract （441）      PDF （1336KB）（1700）       Knowledge map    Common prosperity has always been a key focus of the Central Committee of the Communist Party of China. This paper uses panel data from the China Family Panel Studies (CFPS) from 2012 to 2020 to analyze the impact of household asset structure on income and income inequality. The study finds that various household assets have a significant positive effect on both labor and property income, with real estate significantly boosting future property income, while financial assets show no significant effect. Additionally, the impact of asset structure on property income varies significantly across regions and households with different endowments. Based on these findings, the paper suggests that stabilizing the real estate market, enriching long–term financial asset allocation options, encouraging wealth management institutions to expand into long–tail markets, providing financial support for households in shrinking counties to purchase homes in high– density areas, and accelerating the high-quality development of REIT's will help comprehensively increase property income and promote the realization of common prosperity.  Related Articles | Metrics

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ZHOU Yajun, CHEN Ming China Economic Studies    2025, 0 (03): 57-.   Abstract （428）      PDF （1254KB）（1084）       Knowledge map    Whether the vulnerability of household finance can be alleviated is related to the realization of the goal of our country's common prosperity. Based on the data of Chinese Family Panel Studies (CFPS) in 2014, 2016, 2018 and 2020, this paper empirically studies the impact of the digital divide on household financial vulnerability. The results show that the widening of the digital divide increases household financial vulnerability, and the digital usage gap plays a key role. Mechanism analysis shows that the widening of digital divide reduces household income diversification and increases household financial vulnerability. Further analysis of the mechanism shows that cognitive ability moderates both the direct effect and the indirect effect of the digital divide on household financial vulnerability. Heterogeneity analysis shows that the impact of bridging the digital divide on alleviating family financial vulnerability is particularly obvious in rural households and households with high–risk preference.  Related Articles | Metrics

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YANG Siying, BAI Hua China Economic Studies    2025, 0 (03): 167-.   Abstract （352）      PDF （3260KB）（2170）       Knowledge map    Promoting supply chain digitalization is crucial for enhancing the modern supply chain system and supporting dual domestic and international circulation. This study treats the government's "National Supply Chain Innovation and Application" policy as a quasi–natural experiment, analyzing data from Chinese A –share listed companies from 2009 to 2022 to assess the impact of supply chain digitalization pilot on corporate supply chain efficiency. Results indicate that the supply chain digitalization pilot significantly enhances supply chain efficiency. The mechanism analysis identifies four channels: increasing corporate supply chain bargaining power, optimizing efficiency, accelerating digital transformation, and enhancing reputation. Further analysis shows that national industrial support policies and regional infrastructure development amplify these effects. Digitalization pilot can also compensate for insufficient internal conditions, particularly under low corporate information transparency and high economic uncertainty. The findings provide reliable evidence and policy insights to improve modern supply chain governance and foster new competitive advantages.  Related Articles | Metrics

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From Organizational Control to Algorithmic Control: The Shift of Control Mode and Its Governance in Digital Labor HAN Wenlong, YU Jiaqi, TANG Xiang China Economic Studies    2025, 0 (02): 29-.   Abstract （325）      PDF （613KB）（512）       Knowledge map    With the rapid development of digital technology, labor control has shifted from organizational control to algorithmic control. In terms of organization, evaluation, and discipline, "linear organization", "artificial evaluation", and "rule-oriented" have changed to "network organization", "algorithm rating", and "autonomous participation" respectively, and labor control has been becoming flexible, refined, and concealed. Three kinds of conflicts are hidden behind the change of labor control mode: the conflict between the increase of labor flexibility and the decrease of worker autonomy, the conflict between the decrease of worker's formal subordination to capital and the increase of worker's actual subordination, and the conflict between the popularization of independent participation and the dissolution of worker's subjectivity. It is necessary to establish and improve the information exchange platform for workers, clarify the rights and responsibilities of data products and the order of the platform, guide the formation of diversified employment forms, build a sound governance system, correctly guide digital labor, and create digital wealth.   Related Articles | Metrics

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LUO Zhen, XIE Peiyu China Economic Studies    2025, 0 (03): 17-.   Abstract （321）      PDF （1434KB）（693）       Knowledge map    This paper builds upon Shaikh's analysis based on the national income identity by introducing the wage-profit rate curve, and derives the duality of total factor productivity (TFP, or Solow residual) in terms of technology and distribution. That is to say,TFP is not only a reflection of production efficiency but also influenced by income distribution. Through decomposition, it is found that the labor-capital distribution mainly affects the overall level of TFP, but has a relatively small impact on the changes in TFP. Changes in TFP can reflect improvements in economic efficiency. However, due to differences in types of technological progress and labor-capital distribution among countries, it is not appropriate to make horizontal comparisons across countries. Finally, by integrating the technological factors that determine TFP, this paper finds that China generally exhibits a Marx-biased type of technological progress, characterized by increasing labor productivity and decreasing capital productivity. However, the process behind the technological changes does not conform to the mechanism of Marx-biased technological change. This is because China's technological progress had primarily focused on the introduction and absorption of Western technologies, reflecting the path of technological progress in Western countries. Therefore, in the process of independent innovation, we need to balance the production efficiency of labor and means of production, develop a new type of productive forces, and achieve sustained improvement in TFP.  Related Articles | Metrics

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QIN Wenyu, JIANG Dianchun China Economic Studies    2025, 0 (03): 152-.   Abstract （299）      PDF （1328KB）（345）       Knowledge map    Based on the data of cross–region investment of listed enterprises in the Beijing–Tianjin–Hebei region from 2008 to 2020, this paper studies the impact of the "Beijing-Tianjin-Hebei coordinated development" strategy on cross-region investment of enterprises in 2014 by using multiple difference method. It is found that the regional coordinated development policy promotes the cross-region investment of enterprises in the Beijing-Tianjin-Hebei region, and this conclusion is still valid after a series of robustness tests. Mechanism analysis shows that industrial policy, transportation integration, institutional environment will have an impact on the policy effect.Heterogeneity analysis shows that, on the one hand, the policy effect is more obvious for cities with higher government efficiency; On the other hand, after the implementation of the policy, enterprise investment is more focused on consumer manufacturing and service industry rather than equipment manufacturing. Further research shows that the policy does not produce the transfer of enterprise investment between regions, but has a certain net growth effect. Meanwhile, the amount of investment and the viability of subsidiaries of private enterprises were significantly higher than that of state-owned enterprises after the implementation of the policy, indicating that the policy stimulated the market vitality.In addition, the flow of enterprises' cross-region investment between regions is not balanced, and the industrial spillover effect of central cities is still insufficient. The findings of this paper have important policy implications for understanding the policy impact of the coordinated development of the Beijing–Tianjin–Hebei region from the micro level,and provide empirical evidence for evaluating the construction performance of relevant policies.  Related Articles | Metrics

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Will the Digital Rural Development Enhance the Well-being of Rural Residents in China: An Empirical Analysis Based on the China Rural Revitalization Survey Data CHEN Huashuai, MA Wei, ZHANG Lei China Economic Studies    2025, 0 (02): 165-.   Abstract （289）      PDF （576KB）（860）       Knowledge map    This paper uses data from the China Rural Revitalization Survey (CRRS) and digital rural development data of 2020 to explore the impact of digital rural development on the well-being of rural residents. The study finds that: First, digital rural development significantly improves the life satisfaction and life confidence in future of rural residents in China. The digitalization of rural economy, governance, daily life, and infrastructure all contribute to enhancing rural residents' well-being, with the digitalization of rural life having the largest effect. Second, digital rural development enhances the well–being of rural residents by "strengthening rights, improving capabilities, promoting inclusive participation, and fostering a shared ecosystem." Third, the impact of digital rural development on rural residents' well-being varies across four aspects, that is, rural poverty status, rural terrain, changes in physical health status, and relative income levels.    Related Articles | Metrics

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A Research on the New Inflection Point of Kuznets Curve:From the Perspective of Technical Progress GONG Gang, XUE Yiwei, WANG Xuesong China Economic Studies    2025, 0 (02): 57-.   Abstract （285）      PDF （1617KB）（778）       Knowledge map    Since the 1980s, the income distribution in Western developed countries has deteriorated again. From the perspective of technological progress among many possible reasons, this paper provides theoretical and empirical explanations for the emergence of the new inflection point of the “Kuznets curve". We find that technological progress will first enable enterprises to obtain higher added value through improving the productivity level. If more of the higher added value flows to the high–income group, the income gap will be widened. In addition, technological progress will reduce the demand for labor in enterprises, and shift labor from manufacturing to low-skill and low-wage services, thus widening the income gap. To some extent, China also seems to be experiencing a re-deterioration of income distribution in its underdevelopment. Therefore, this paper discusses how to solve the contradiction between technological progress and common prosperity. Related Articles | Metrics

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The Theoretical Foundations and Practical Exploration of Constructing a Political Economy Accounting System: A Discussion on the Limitations of the SNA ZHAO Wenrui, LI Bangxi China Economic Studies    2025, 0 (02): 14-.   Abstract （284）      PDF （652KB）（557）       Knowledge map    Under the goal of high–quality development, this article reflects on the SNA and its related indicators ac- counting framework, identifying limitations and issues regarding its compatibility with the characteristics of China's socialist economic activities. From three dimensions—theoretical foundation, methodological basis, and practical basis—the article explores the rationale and importance of constructing an accounting system from the perspective of Marxist political economy. It summarizes the beneficial explorations in indicator accounting frameworks under the current political economic perspective. Finally, the article proposes suggestions for improving data collection and accounting methods to meet the needs of a political economic accounting system. The aim is to establish an accounting system that can reflect China's unique characteristics while also aligning with international standards, providing a scientific basis for relevant indicator calculations and supporting China's high–quality development. Related Articles | Metrics

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Party Organization Governance and Heavy Pollution Enterprises' Green M&A ZHANG Rao , LIU Chen China Economic Studies    2025, 0 (02): 86-.   Abstract （284）      PDF （592KB）（1717）       Knowledge map    With the proposal of the "double carbon" goal, green merger and acquisition has become an important lever to facilitate the low-carbon transformation of heavily polluting enterprises in China and build green economy. Taking the merger and acquisition event of listed companies in China's A-share heavy pollution industry in 2014-2022 as the research object, this paper investigates the promoting effect, influence mechanism and function field of Party organization governance on the implementation of green mergers and acquisitions. The study finds that the Party organization governance has significantly promoted the implementation of green mergers and acquisitions in heavily polluting enterprises. From the perspective of influence mechanisms, Party organization governance drives heavy polluting enterprises to undertake green mergers and acquisitions by strengthening the environmental awareness of management and alleviating financing constraints. In addition, the promotion of green mergers and acquisitions by Party organization governance exhibits distinct field characteristics, mainly occurring in the listed enterprises with large scale, strong media supervision, located in old industrial base cities, state- owned nature, a high shareholding proportion of institutional investors and a high proportion of independent directors. The combination of Party organization governance and green merger and acquisition not only demonstrates the positive effect of Party organization governance from a new perspective of ecological environment, but also provides important reference significance for the country and enterprises to build green economy and explore the reform of environmental governance.  Related Articles | Metrics

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ZHONG Lingna, WANG Feng, XIE Fang China Economic Studies    2025, 0 (03): 120-.   Abstract （270）      PDF （1361KB）（505）       Knowledge map    In China, local government behaviors, which significantly influence the coordinated growth of regional economies,are profoundly shaped by government performance evaluations. Shifting government performance evaluation from a “standardized" approach to a “differentiated" one may encourage mutually beneficial partnerships between governments across various regions, thereby contributing to the coordinated development of regional economies. Using county-level data from 2003 to 2019, this article examines the impact of differentiated performance evaluations based on main functional areas on the coordinated development of regional economies. Empirical results show that differentiated performance evaluations have increased economic coordination levels between different types of regions by an average of 16.4%, compared with regions of the same type. The main mechanisms include promoting factor mobility and guiding industrial division. The findings of this article contribute to a better understanding of the relationship between China's local government evaluation system and coordinated regional economic development.  Related Articles | Metrics

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Disability Risk, Long–Term Care Insurance and Household Consumption YUAN Hui, CHEN Shuoqi, DU Mengyang China Economic Studies    2025, 0 (02): 116-.   Abstract （263）      PDF （580KB）（1348）       Knowledge map    "One person's incapacity, the whole family's imbalance", incapacity brings financial burden and care pressure to the family, and inhibits family consumption; long-term care insurance provides care services and financial support, which is expected to be an effective measure to prevent the risk of incapacity. This paper constructs an OLG model that includes the risk of incapacity and long-term care insurance, and theoretically examines the impact on household consumption; using 2011–2018 CHARLS data and a fixed–effects model, it empirically examines the effects and mechanisms of the impact on household consumption. The results show that incapacity inhibits household consumption by increasing medical care costs and reducing the labor supply of family members; long-term care insurance helps to raise the level of consumption, promote consumption upgrading, and alleviate consumption inequality. This paper expands the research on the effects of long-term care insurance policies at the household level, and at the same time, it is of practical significance for house- holds to improve their ability to cope with the risk of incapacity. Related Articles | Metrics

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WANG Shouyi, CHI Yaoxian China Economic Studies    2025, 0 (03): 30-.   Abstract （254）      PDF （1425KB）（517）       Knowledge map    The labor of platform content production exhibits certain typical "new quality" characteristics. Workers need to master technologies and creativity, and use devices such as computers to create virtual information products. In this production model, content producers assume the triple identities of boss, supervisor, and worker. Although there is no traditional employment relationship, they are closely linked to the interests of the platform. Research indicates that the freedom" of platform content producers is actually the "freedom" of capital. On the one hand, the platform mitigates labor-capital conflicts by expanding the number of content producers to create a labor reserve army and transferring the performance appraisal power, and differentiates and divides platform content producers. On the other hand, due to the overlap of their multiple identities, content producers achieve the endowment of subjective significance, internalizing the logic of platform capital accumulation and expansion as their own creative drive.Ultimately, it presents the scene of the platform, as a dependent entity, being “dependent". Analyzing the increasingly concealed yet effective control of platform capital over content creators is crucial to resist the replacement of human needs by capital logic, harness the institutional strengths of socialism with Chinese characteristics, and recalibrate the relationship between creators and capital.  Related Articles | Metrics

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SONG Yanli China Economic Studies    2025, 0 (03): 183-.   Abstract （248）      PDF （1400KB）（365）       Knowledge map    The dissemination of classic literature of Marxist political economy in China during the period of New Democratic Revolution can be divided into three stages. The first stage, spanning from 1919 to 1927, was the initial stage of translation and introduction of Marxist economic literature. It presented a multi–channel transmission including newspapers, periodicals, books, translations, speeches, etc. Newspapers and periodicals were the primary channels for the dissemination of Marxist classic literature around the May Fourth, and later became more systematic and popular works, with the emergence of translated classics. The second stage, spanning from 1928 to 1938, formed a climax of translation and dissemination. Translations of classic literature of Marxist political economy burst out, and four Chinese translations of Capital appeared, bringing about a new round of popularization attempts, academic research, and popular derivation. The third stage, spanning from 1938 to 1949, was a stage of systematic dissemination and acceptance, including systematic translation, systematic popularization, and systematic study and research. Related Articles | Metrics

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YANY Decai, JIANG Yuqiu , WANG Ming China Economic Studies    2025, 0 (03): 41-.   Abstract （247）      PDF （1732KB）（576）       Knowledge map    The effective provision of public goods remains a challenge for most developing countries. However, the People's Republic of China has managed to achieve relatively effective public goods provision with extremely limited resources. This paper focuses on the impact of clans on rural education supply, investigating the role of informal institutions under changing institutional environments. Using census data, the study employs a difference–in–differences model constructed based on the impact of the fiscal decentralization reform and birth cohorts. The study finds that when government provision of public goods is insufficient, local clans can enhance public goods supply through channels such as promoting the development of township enterprises, thereby extending the years of schooling for the local rural population. However, as the government expands its investment in rural education, the influence of clans becomes insignificant. The findings suggest that informal institutions can serve as a supplement when formal institutions are inadequate, though the effects are time-bound and conditional. Related Articles | Metrics