Significance and function of reform

Its significance and functions include activating economic development, improving international status and establishing a socialist market economic system.

1. Activate economic development: Reform has injected vitality into the socialist economy. By adjusting the relations of production and superstructure, the reform has made it more adaptable to the development of productive forces, stimulated the enthusiasm and creativity of enterprises and individuals, and promoted the rapid economic growth.

2. Improving international status: The successful integration of reform and opening up into the international economic system and active participation in international competition and cooperation have enhanced China's position and influence on the world stage.

3. Establish a socialist market economic system. Since the reform and opening up, China has gradually established a socialist market economic system with public ownership as the main body and multiple ownership economies developing together, further consolidating the basic socialist economic system.