Shen Baoxiang (沈宝祥) is a Professor of the Central Party School of the Chinese Communist Party and former Chief Editor of Theoretical trends (理论动态). The original was published in Study Times (学习时报) and can be found here. From China Elections and Governance (translated by Toy Reid):
“Socialism with Chinese characteristics is the banner of a modern, progressive, developing China. It is the banner under which the whole party, the entire nation, and all of the different races are engaged in a united struggle.” This statement is the most illuminating and most captivating passage from Hu Jintao’s “June 25” address. Clearly, socialism with Chinese characteristics is our banner and its meaning is very significant, profound, and far-reaching.
Taking socialism with Chinese characteristics as our banner, on the basis of theory and practice, we have long ago achieved the broadest consensus among all the races and people throughout the nation and within the party. Now making clear this aspect of the banner is simply a matter of the conditions being ripe to ensure success. [Full Text]