On the State Economic Regulation Power and its Operation

The state economic regulation power is a form of state power that is different from the administrative power. It arises simultaneously with the appearance of the state economic regulation function. The exertion of it should follow such principles as the principles of legal regulation, democratic regulation, economic benefit, social benefit, and compliance with international economic regulations. The development and change of its actual exertion modes depend on the specific types of market imperfections. And it is fundamentally constrained by the social citizen's economic rights. Therefore, we should build the related legal systems to maintain the social citizen's basic economic rights, and establish related participation and supervision systems for social citizens.