In his early years, President Zhou participated in the study of mathematical models of planned economy.

"In his early years, President Zhou participated in the study of the mathematical model of planned economy and had a profound understanding of the limitations of the planned economy. He pointed out early that even under favorable assumptions, centralized planned economy can only be tied with market economy after arduous efforts.

This is Xu Zhong’s speech at the press conference of Zhou Xiaochuan’s new book Mathematical Planning and Economic Analysis a few months ago.

Even at the moment when we frequently put forward concentrating our efforts on major tasks, we have never negated the role of the market in resource allocation. How can we do this? The report of the 18th National Congress specifically mentions "Let the market play a decisive role in resource allocation". The just-held Central Conference on Finance and Economics also reiterated this point. How can we comment on it? Someone in there doesn’t even admit it at all?