Xi Jinping assumes General Secretary position of CPC

[Yazman]

How long can the CCP maintain the charade of Chinese "socialism"? The level of cynicism among the Chinese people is high and I doubt that the CCP will be able to maintain its position in the event of an economic crisis. The result is likely to be an open restoration of capitalism as occurred in the former Soviet Union. Sadly, China today is much closer to capitalist restoration than it is to the dictatorship of the proletariat.

There was an open restoration of capitalism in China years ago. Unlike the Soviet Union, however, the political system managed to remain intact during the restoration of capitalism in China. Corporations do whatever the hell they like with government sanctioning and virtually run the economy. Even the CCP openly supports capitalism.

China has two major stock exchanges for christ's sake! This alone is an indicator that capitalism has been openly restored. Just because their politics is clad in leftist-sounding rhetoric does not mean they are not openly pro-capitalist. Because they are, and have been advocating building a market economy for decades.