The Chinese masterstroke
Xi’s balancing exercise of experimenting with Marxism in a capitalist economy is being watched closely, writes Arun Srivastava.
It is a misnomer that China under Xi is turning socialist. It is a façade Xi is wearing to confuse the global fraternity. With China pursuing the capitalist path assiduously over the years, it is naïve to construe that it would make a paradigm shift, embrace Marxism and convert to a communist country. Of course, some stray glimpses of Mao were seen at the venue of the 19th Congress of the Communist Party of China, but that does not mean it has renewed its romance with communism. Even the social background and class character of the present set of leaders do not instil trust to accept the speculation that China would take rebirth as a communist country.