The development of socialist market economy depends on the construction of what

Establishing a sound market economic system and promoting industrial restructuring.

1, the establishment of a sound market economic system: socialist market economy requires the establishment of a set of market economic system in line with socialist values and national conditions, which includes the establishment of the basic system of the market economy, the improvement of the property rights system, the establishment of the market regulatory mechanism and the rule of law environment, etc., and, at the same time, it is necessary to pay attention to the fairness and social justice in the market economy to ensure the fair and effective operation of the market order .

2. Promoting industrial restructuring: In order to achieve sustainable development of the socialist market economy, it is necessary to carry out industrial restructuring, optimize the allocation of resources and industrial layout, promote the transformation of traditional industries in the direction of high-end and intelligent by eliminating outdated production capacity, upgrading the technological and innovation capacity, and developing the modern service industry and strategic emerging industries, so as to improve the overall economic efficiency and competitiveness.