North put forward the question that how to make the smooth transition from the traditional system which is not conducive to economic development to a good system that is conducive to economic development. Under what conditions can reform change from irrational state to rational state. Looking back at the 40 years of reform and opening up and aiming at North’s questions, we should consider what unique Chinese experience and wisdom China's reform and opening-up have contributed, how to realize the interaction between institutional change and economic development, and how to look at the similarities and differences between gradual reform and radical reform? Why the institutional environment recognized by modern economics to promote economic development has few successful examples in other countries, but only achieved historic success in China? Answering these questions well is the best memorial to the arduous exploration and great practice of China's reform and opening up in the past 40 years, and it also injects new inexhaustible power into the deepening of all-round reform and opening up.1. Adhering to the basic theory, route and strategy provides an important political and organizational guarantee.2. In order to avoid subversive mistakes, we need to stick to the dialectical unity of emancipating the mind and gradual reform.3. It’s of great necessity to maintain the system’s flexibility, toughness and flexibility of the "timeliness".
