Today’s China is a capitalist society in almost all respects except for the political governance of the Communist Party. It is commonly understood that China, ranked last year as the world’s 5th largest economy, is really more capitalistic than any capitalist country, while outwardly claiming to be a socialist nation.
Therefore, Marxism-Leninism, the dominant political philosophy in China for the thirty years since the establishment of the PRC in 1949, has practically been abolished.
As can be gathered from his visit to Yan’an, the symbolic site of the Chinese socialist revolution, on New Year’s Day, President Hu is at work on something that appears outdated at first glance: the Project on the Foundation and Establishment of Marxism. The Project is sponsored by the government of China, much like the well-known Northeast Asia Project.
While Russians are debating whether Lenin’s grave should be relocated from Red Square in Moscow to his hometown and his remains conventionally reinterred there, China seems to want to revert to the past.