Abstract: What is crucial for explaining the China miracle is to clarify how, during the past stages of economic development, the economic system reform has solved the contradictions between the production mode and social demand in the old technological and economic system, removed institutional barriers in the formation of a new technological and economic system, and established the development direction of this new system to advance economic growth. Since 1978, the economic system reform in China has undergone three stages: the development of the planned commodity economy, the establishment of the socialist market economy system, and the improvement of the socialist market economy system. This process has successively given rise to three technological and economic systems, i.e. “quantitative subsistence consumption plus extensive production without technological progress”, “quality subsistence consumption plus extensive production with technological progress”, and “mass standardized consumption plus mass production”. Chinas economy has entered a state of new normal since 2012. A dynamic social consumption pattern featuring the coexistence of personalized demand and standardized demand has come into being. The current technological and economic system can hardly sustain China's high speed economic growth. It is necessary to further deepen the economic system reform and establish a new technological and economic system that can facilitate economic growth.

Key words: transformation and growth, reform and opening up, China miracle

摘要： 解释“中国奇迹”的核心，在于明确每个经济发展阶段的经济体制改革，如何调节旧技术经济体系中生产方式与社会需要的矛盾，消除新技术经济体系形成的体制性障碍，确立新技术经济体系的发展方向以促进经济增长。1978年以来，经济体制改革经历了发展有计划的商品经济、确立社会主义市场经济体制、完善社会主义市场经济体制等三个阶段，形成了“数量型温饱消费+缺乏技术进步的粗放式生产”“质量型温饱消费+伴有技术进步的粗放式生产”“大规模标准化消费+大规模生产”三种技术经济体系。2012年中国经济进入新常态，个性化和标准化需求共存的动态社会消费模式已经形成，当前技术经济体系难以维持高速经济增长，必须继续深化经济体制改革，构建新的促进增长的技术经济体系。

关键词: 转型增长, 改革开放, 中国奇迹