China's economic system What is the socio-economic structure

China's economic system is under the condition of adhering to the socialist market economy, with the public ownership system as the main body and multiple ownership economies **** the same development.

The economic structure is one in which the proportion of the primary industry has declined and the proportion of the secondary and tertiary industries has risen; the growth of the total national economy has shifted from being driven mainly by the primary and secondary industries to being driven mainly by the secondary and tertiary industries, and the growth of the secondary industry has constituted the main driving force behind China's rapid economic development. While the overall industrial structure has changed, the structure within each industry has also changed considerably. In the total output value of agriculture, forestry, animal husbandry and fishery, the proportion of pure agricultural output value has declined, while the proportion of forestry, animal husbandry and fishery has increased; within industry, the structure of light and heavy industries is gradually upgrading from a light structure favoring "consumption compensation" to a heavy structure of "investment orientation"; within the tertiary industry, the traditional industries such as transportation, commerce, etc. have become the main driving force for the rapid development of the Chinese economy. In the tertiary industry, the proportion of traditional industries such as transportation and commerce is declining, while the real estate industry, finance and insurance, and telecommunication industry are developing rapidly.