Fifteen years after China joined the World Trade Organization, Beijing’s hopes for clear recognition as a market economic system have been challenged. The market economic system is a social system of division of labour primarily based on the non-public ownership of the means of production. The market is the process that starts when varied performances of multiple individuals converge together underneath a scheme of division of labor, so that they end up being mutually cooperative. Monetary or economic calculation is the intellectual basis of the market economic system, and without him it is unimaginable that the goals that any action …