Implementation of the Humanistic Economy Concept in Modern China
https://doi.org/10.55959/MSU2070-1381-117-2026-183-193
Abstract
China’s modern development model is based on the theory of socialism with Chinese characteristics and the concept of humanistic economics, which posits that economic development is parallel to cultural development, with individual at the center of transformation. This concept interprets Marxism ideas. As socialism with Chinese characteristics has developed, certain contradictions have become apparent between the population’s ever-growing demand for a better life and unbalanced economic development. China’s innovative, high-quality development strategy in the 15th Five-Year Plan period aims to correct this imbalance. This strategic vector focuses on poverty alleviation, rural revitalization, the development of new urbanization focused on county-level cities, and East-West cooperation. China’s new development paradigm pursues not only sustainable growth and increased material wealth but also an improved quality of life, including comprehensive personal development. As economic prosperity increases, the population increasingly seeks spiritual and cultural development. Currently, provincial development disparities persist, with significant economic and cultural gaps between cities and rural areas. Regional policy places particular emphasis on reducing these disparities in territorial development. Since the early 2000s, state policy has been aimed at ensuring high-quality infrastructure development in all provinces of the country and increasing the competitiveness of less developed regions. The modern development of socialism with Chinese characteristics is primarily driven by cultural reform and transformation. China’s regional and municipal policies are based on the development of national culture and local specialization. This article aims to examine the foundations, mechanisms, and regional and local practices of implementing the concept of a humanistic economy in contemporary China during the era of modernization and innovation.
About the Authors
Zh. YaoChina
Yao Zhipeng, PhD, Postdoc (Business Administration), employee
Shenzhen
I. A. Zakharova
Russian Federation
Irina A. Zakharova, PhD
Shenzhen
Moscow
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Review
For citations:
Yao Zh., Zakharova I.A. Implementation of the Humanistic Economy Concept in Modern China. Public Administration. E-journal (Russia). 2026;1(117):183-193. (In Russ.) https://doi.org/10.55959/MSU2070-1381-117-2026-183-193
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