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What is China's basic economic system? Why is it established?
China's basic economic system: public ownership is the main body, and multiple ownership economies develop together.

Reason: Fundamentally speaking, relations of production must adapt to the development of productive forces. Specifically, it is determined by the socialist nature of our country and the national conditions in the primary stage. Third, all forms of ownership that conform to the "three benefits" can and should be used to serve socialism. Finally, practice has proved that the economic system with public ownership as the main body and multiple ownership economies developing together has promoted China's economic construction and social progress.