It goes on:

The state centralized and unified guidance over the economic construction is the mode of the socialist economic management whereby the socialist state puts under its control the overall economic work on the basis of the Party's line and policies and makes sure that all the economic institutions and industrial establishments conduct their business administration according to the coordinating plan and command of the state.

The state centralized and unified guidance over economy is an essential requirement and lifeline of socialist economy which is based on collectivism.

To strengthen the said guidance is a basic guarantee for thoroughly adhering to the socialist principle in economic construction and consolidating the socialist economic system.

When the socialist principle is not abided by in economic work, it is impossible to maintain the economic foundation of socialism, nor is it possible to build an economic power and defend the socialist system.

The WPK has wisely led economic construction our own way on the principle of Juche, the socialist principle, even during the "Arduous March", the forced march. It was thanks to the principled leadership of the WPK that we could firmly defend the banner of socialism under the grim and complicated situation and usher in a new historic era of building a great prosperous and powerful nation.

It is the basic principle of the socialist economic management to manage and operate the economy of the country in a planned way under the state centralized and unified guidance.

If the function of the state guidance is allowed to weaken, the capitalist elements may penetrate and grow in the economic field, putting the socialist economic management in disorder and harming the socialist economic system.

Strengthening the state centralized and unified guidance over economic construction helps give fullest play to the advantages of socialist economy and concentrate force and natural resources on projects which are of weighty significance in the overall economic development, in particular, and thus increase production in a short span of time.