The relevance of the study is due to the importance of China as one of the main leaders of world social and economic development. China's economy has been developing for the last four decades in a row (1978-2018) almost without crises, at high rates, sometimes adding 10% a year [8]. Today, China is the leading economic power, its gross domestic product (GDP) increased from $255.7 billion in 1979 to $13,05 trillion in 2018, i.e. more than 50 times [10]. The authors not only reveal the factors of the Chinese phenomenon, but also attempt to analyze the main components of China's success in economic development. The article considers the key aspects of Chinese reforms, analyzes strategic directions of modernization of China's national economy based on strengthening liberalization of the country's foreign economic activity as one of the main conditions for further large-scale borrowing of advanced technological experience of the highly developed countries of the world. A separate place is given to the consideration of the program of socialist modernization, conducted by Deng Xiaoping. The purpose of this study is a comprehensive analysis of features of China's economic development strategy and the main factors of its rapid growth. In the article the authors examine the key features of China's economic development strategy, the priority directions of its modernization: public administration reforms aimed at the priority development of the economy and social sphere; they also analyze the features of attracting national and foreign investments for a breakthrough in socioeconomic development.
The Constitution of the Russian Federation in 1993 proclaimed our country a social state. "The Russian Federation is a social state," says Article 7 of the Basic Law, "whose policy is aimed at creating conditions for a decent life ..." The Constitution implies that the main goal of a social state is to create conditions that ensure a decent life for all citizens. In addition, the social state, according to the Constitution, is obliged to direct its activities towards the free development of a person, the provision of guarantees for the social protection of the population, and the development of the social sphere. In Russia in the past two decades, certain attempts have been made to create conditions for improving the lives of citizens. The state has formed a general concept, main directions and priorities of social policy, has created a legislative basis for their implementation. However, the presence in the country of 20 million citizens who are below the poverty line, other arguments and facts show that the political leadership, the government has failed to provide with conditions for a decent life for Russians.
The citizens of any country in the world dream of living in a prosperous country. The Russian political leadership is aware of these aspirations of the population and is trying to change the situation for the better: "It is investments in people that are the priority of public policy and the priority of state budget expenditures". With a view to implementing the breakthrough scientific, technological, and socioeconomic development of the Russian Federation, increasing the population of the country, improving the living standards of citizens, creating comfortable living conditions for them, as well as the conditions and opportunities for self-realization and the disclosure of the talent of each person, President of Russia V. Putin signed a decree "On national goals and strategic tasks of the development of the Russian Federation for the period until 2024" on May 7, 2018. However, the poor implementation of the "Strategy for the socioeconomic development of the Russian Federation until 2020," the priority national project "Affordable and Comfortable Housing for the Citizens of Russia" and other approved but unfulfilled plans and programs do not inspire optimism. In this article, the authors have attempted to show why Russia can not yet become a prosperous country, developing the economy and the social sphere in such a way as to meet the criteria of a developed state.
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