Private Economy and Government Intervention: A Research on Balance Mechanism from the Perspective of Economic Law

Abstract

As a vital component of China’s socialist market economy, the sound development of the private economy cannot be separated from appropriate government intervention and institutional safeguards under economic law. Centered on economic law, this paper explores the dialectical relationship between the private economy and government intervention, and analyzes the legal boundary of government intervention as well as adjustment approaches under economic law. The study finds that economic law provides institutional guarantees for the private economy and regulates government intervention by establishing the principle of equal market access and improving macro-control mechanisms. At present, government intervention suffers from both excessive regulation and insufficient oversight. It is necessary to realize the organic integration of private economic vitality and government regulatory efficiency by improving the legal system, clarifying intervention boundaries and strengthening judicial remedies.