14th National Congress of the Chinese Communist Party in the context of "Socialism with Chinese characteristics"

The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises. The term "socialist market economy" was introduced by Jiang Zemin during the 14th National Congress of the Chinese Communist Party (CCP) in 1992 to describe the goal of China's economic reforms.

Originating in the Chinese economic reforms initiated in 1978 that integrated China into the global market economy, the socialist market economy represents a preliminary or "primary stage" of developing socialism. Some commentators describe the system as a form of "state capitalism", while others describe it as an original evolution of Marxism, in line with Marxism–Leninism similar to the "New Economic Policy" of the Soviet Union, adapted to the cohabitation with a globalized capitalist system.

The Five-Year Plans (Chinese: 五年计划; pinyin: Wǔnián Jìhuà) are a series of social and economic development initiatives issued by the Chinese Communist Party (CCP) since 1953 in the People's Republic of China. Since 1949, the CCP has shaped the Chinese economy through the plenums of its Central Committee and national party congresses. The plenums follow a customary pattern of themes; since the 14th Party Congress (1992–1997), the fifth plenum has evaluated the current five-year plan and outlined the next five-year plan.

Planning is a key characteristic of the nominally socialist economies, and one plan established for the entire country normally contains detailed economic development guidelines for all its regions. In order to more accurately reflect China's transition from a Soviet-style command economy to a socialist market economy (socialism with Chinese characteristics), the plans since the 11th Five-Year Plan for 2006 to 2010 have been referred to in Chinese as "guidelines" (Chinese: 规划; pinyin: guīhuà) instead of as "plans" (Chinese: 计划; pinyin: jìhuà).

The 13th National Congress of the Chinese Communist Party was held in the Great Hall of the People in Beijing from 25 October to 1 November 1987. It was preceded by the 12th National Congress of the Chinese Communist Party and was succeeded by the 14th National Congress of the Chinese Communist Party. It was attended by 1,936 delegates and 61 'specially invited' delegates representing more than 46 million party members and included 200 foreign journalists who were invited to attend the opening and closing ceremonies. In addition, the Vice Chairman of the Standing Committee of the National People's Congress and the CPPCC National Committee, representatives from the National Federation of industry and commerce, non-party people, ethnic minorities and religious people were invited to this congress as audience.

The congress reaffirmed the correctness of the policy of reforms and the Open Door that was adopted during the Third Plenum of the 11th Congress in December 1978. It also saw the rejuvenation of the party leadership as veterans from the Long March retired and was replaced by younger and better educated technocrats.