Study on the transformation and development of China private economy

The emphasis of this study lies in the transformation and development of China private economy in the current transition period. As an essential component part of the socialist market economy, the private economy has played a crucial role in socialist modernization. The paper mainly reveals the internal and external bottlenecks restricting further progress of private economy, and puts forward some concrete countermeasures. It is concluded that the government needs to optimize the environments of policies and systems from market access, financing, taxation and its own functions, and the private economy should also deepen its interior mechanism reform, and carry out the transformations of management, business as well as economic growth model, thus exploring a development road with unique characteristics.