As quoted in Daily report: People's Republic of China, Editions 240-249 (1993), p. 30
• Interview, Time, 4 November 1985.
• Interview, Time, 4 November 1985.
“
A basic contradiction between socialism and the market economy does not exist.
• Variant: There are no fundamental contradictions between a socialist system and a market economy.
— Deng Xiaoping
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "A basic contradiction between socialism and the market economy does not exist.
• Variant: There are no fundamental contradictions between a socialist system and a market economy." in the context of "As quoted in Daily report: People's Republic of China, Editions 240-249 (1993), p. 30
• Interview, Time, 4 November 1985." to mean that wisdom is timeless.
Source: Wikiquote: "Deng Xiaoping" (Quotes)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About Deng Xiaoping
Deng Xiaoping ( ; August 22, 1904 – February 19, 1997) was a Chinese politician and reformer, and the paramount leader of the Communist Party of China (CPC). Deng never held office as the head of state or the head of government, but was the de facto leader of the People's Republic of China from 1978 to the early 1990s. He developed "Socialism with Chinese characteristics" and Chinese economic reform, also known as the "socialist market economy", and opened China to the global market. During his paramount leadership, his official state positions were Chairman of the National Committee of the Chinese People's Political Consultative Conference from 1978–1983 and Chairman of the Central Military Commission of the People's Republic of China from 1983–1990, while his official party positions were Vice Chairman of the Communist Party of China from 1977–1982 and Chairman of the Central Military Commission of the Communist Party of China from 1981–1989.
About Deng Xiaoping
Deng Xiaoping ( ; August 22, 1904 – February 19, 1997) was a Chinese politician and reformer, and the paramount leader of the Communist Party of China (CPC). Deng never held office as the head of state or the head of government, but was the de facto leader of the People's Republic of China from 1978 to the early 1990s. He developed "Socialism with Chinese characteristics" and Chinese economic reform, also known as the "socialist market economy", and opened China to the global market. During his paramount leadership, his official state positions were Chairman of the National Committee of the Chinese People's Political Consultative Conference from 1978–1983 and Chairman of the Central Military Commission of the People's Republic of China from 1983–1990, while his official party positions were Vice Chairman of the Communist Party of China from 1977–1982 and Chairman of the Central Military Commission of the Communist Party of China from 1981–1989.
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