ABSTRACT

In order to make China a modern, powerful socialist country, we must work and fight hard in the political, economic, cultural, military and diplomatic spheres, but in the final analysis what is of decisive importance is the rapid development of our socialist economy. Agriculture is the foundation of the national economy. Planned economy is a basic feature of the socialist economy. As the economy becomes modernized, the leading role of industry, and especially that of the basic industries, becomes more and more prominent. Socialist commerce is a bridge that links industry with agriculture, urban areas with rural areas and production with consumption. It is essential to make a success of commerce, for it promotes the rapid growth of the economy, consolidates the worker-peasant alliance and serves to meet the people's daily needs. Those who work in shops and supply and marketing departments are part of the working class.