ABSTRACT
In the late 1980s and the early 1990s, two completely different roads for transition from the traditional planned economy to the market economy had shown up - i.e., the gradual reform in China and radical reform in the Soviet Union and Eastern European countries. Countries that resorted to western mainstream theories for transition and development had failed, while the few countries that violated against those theories during the course of transition and development had succeeded. People often define construction of the market economy as a large systematic project. This is not accurate as it simplifies the work. The Reform in China is first a kind of compulsory reform led by the government. Under the framework of the socialist constitutional system, the evolution course of the socialist system requires more rationality, organization and control than capitalism. Among various types of dual-track systems, the dual-track price system is the representative one.
