The public economy includes two parts: the state-owned economy and the collective economy

1. The state-owned economy

The state-owned economy refers to the economic sector owned and controlled by the state. In the state-owned economy, the state directly or indirectly grasps economic resources and production factors through state-owned enterprises and state-owned capital. State-owned economy plays an important foundation and leading role in China's economic system, involving many fields, such as energy, transportation, communication and finance.

2. Collective economy

Collective economy refers to the economic sectors collectively owned and controlled by farmers, rural collective economic organizations and urban residents' communities. In the collective economy, farmers operate and manage farmland, agricultural products processing, rural tourism and other industries through farmers' professional cooperatives and rural collective enterprises. Collective economy plays an important role in China's rural economy, which promotes farmers' income increase and rural economic development.

3. Importance of public economy

Public economy plays an important role in China's economic system. First of all, the public economy is an important pillar of the national economy and plays a fundamental and leading role in the national economic development. Secondly, the public economy is an important means to safeguard national economic security and national interests, and can effectively regulate the market and resource allocation. Finally, the public economy is an important guarantee to realize social fairness and justice, which can promote the fair distribution of resources and the stable development of society.

public economy and private economy: public economy and private economy are two important components in the economic system. The public economy is an economic sector owned and controlled by the state or collective, while the private economy is an economic sector owned and controlled by individuals or private enterprises. In China's economic system, the public economy and the private economy develop together and promote each other, forming a socialist market economic system.

Reform of public ownership and non-public ownership: Since China's economic reform and opening up, we have actively promoted the reform of public ownership and non-public ownership. In the public ownership economy, the efficiency and competitiveness of the state-owned economy have been improved by deepening the reform of state-owned enterprises, promoting state-owned capital investment and strengthening the supervision of state-owned assets.

In the non-public economy, measures such as relaxing market access and promoting the development of the private economy have stimulated the vitality and creativity of the non-public economy.

development trend of public economy: with the deepening of China's economic system reform, the public economy is also developing and improving. In the future, the public economy will continue to play a fundamental and leading role, and at the same time it will form a more benign interaction and coordinated development with the private economy. The public economy will pay more attention to improving efficiency and competitiveness, promote industrial upgrading and innovative development, and make greater contributions to achieving sustainable economic development and social progress.