Why does China's market economy status need to be recognized by the US? Does it matter?

China is now practicing a "socialist market economy with Chinese characteristics", an absolutely new product, about its pros and cons, from the beginning of the various factions on the debate, the beginning of the main existence of social or capital argument, to later is mainly a completely free market economy and the state socialist market economy of the controversy, they are I am not going to criticize or praise the theories of either side, because practice is the only criterion for testing the truth. Our country is walking on a composite and new economic path, so it is groping its way forward. Here I will only talk about my understanding of China's socialist market economy. The so-called market economy, i.e., a developed commodity economy, is essentially an economic means of rationally allocating resources through the market to meet the requirements of socialized mass production and to satisfy the needs of human beings themselves. Understanding this will help us understand the socialist market economy. Most of the Western capitalist countries, led by the United States, practise a free market economy, and its freedom is manifested in the fact that almost all social resources are allocated through the market, and the Americans are able to do so because they have a very sound social security system, which is the foundation. The most obvious features of their free market economy are private ownership and distribution according to capital. Of course, they also have macro-control and government intervention, but that only occurs when the country is in an extraordinary period (e.g., war, civil unrest, etc.). The above are the *** characteristics of the Western free market economy, and each of them has its own differences, such as the monopoly-dominated type in the United States, the plan-directed type in France (that is to say, there is a plan, and the state's macro-control institutions are sound), Germany's national social market economy (that is to say, free competition, but the state regulates it appropriately; vigorously develops social security, and maintains social justice, which can easily be lost due to free competition), and Japan's government-led economic system. social justice), Japan's government-led market economy system (government-directed, with economic planning, industrial policy, fiscal and monetary policy, etc.). I believe that our socialist market economy system is a borrowing and combination of Germany's national social market economy system and Japan's government-directed market economy system, thus generating a new kind of market economy system, one adapted to China's current stage. Comrade Deng Xiaoping said that the market economy of socialism is similar to that of capitalism in method. One sentence gives a conclusion. Our socialist market economy has its own unique characteristics. Firstly, it has public ownership as the mainstay (in terms of quality, not quantity); secondly, it has a mode of distribution based on labor and a variety of distribution methods; and thirdly, it has more powerful state macro-control. This is what we borrow from others but at the same time to suit our own uniqueness. After recognizing our country's socialist market economy, I can't help but say what I know more clearly. First, the traditional theory that capitalism = private ownership = market economy = free competition, blind development = polarization; socialism = public ownership = planned economy = planned, according to the distribution of = *** with the rich. This kind of theory is seriously epochal, one-sided, and self-exalting, and is very wrong. You say that people's free competition and blind development will lead to polarization, but now they have basically solved the polarization (although some newborn capitalist countries are very bad, that can only be blamed on their own did not calm down to find a suitable path of development, but blind copying and reproducing, which in no way affects the conclusion that "people have basically solved the polarization problem"). This does not in any way affect the conclusion that "others have basically solved the problem of polarization"); you say that we are planned, proportional *** with the rich, but now it seems to be basically unsuccessful, and now we are also engaged in - market economy. Second, in foreign developed capitalist countries, ordinary workers have shares in enterprises, and the shares of big bosses only account for 1-3% of the total, which is actually people's capitalism, people's resources demutualization. Is it not? What is more, we are now also practicing diversification of the forms of public ownership and distribution, and state capital will be withdrawn from the major competitive industries. Thirdly, we should also re-conceptualize the socialist economy (not the socialist market economy): socialist economy is not the same as economic public ownership. Of course, we are now engaged in the socialist market economy, as I mentioned earlier, it is an experimental model that is receiving experience in practice, its prospects for the further development of theory and practice, can not be concluded now whether it is a success or not, but, in terms of these years, it can be said with certainty that we have Chinese characteristics of the socialist market economy is still very good. Fourthly, we also have to correct a concept: there is no real universal ownership. The famous economist Yu Guangyuan said that universal ownership is a nebulous concept artificially constructed, and that it is not the same concept as state ownership (i.e., state-run, state-owned). To sum up, we know that our socialist market economy with Chinese characteristics is a mode of economic development suitable for our national conditions, which draws on the existing experience of certain capitalist countries and integrates the characteristics of our own original planned economy, which, after a period of time, has been tested in practice, showing that it is truly suitable for our needs at this stage of China's development. A completely free market economy is not suitable for us, and a highly centralized planned economy is not successful, so we have chosen the middle.