Living Proof of Revival of Capitalism in China
China’s economy has bloomed for over 30 years since its policy of reform and open door. China is ranked Top 2 economic entity in the world. Unfortunately, public ownership, which is supposed to be the main sector of economy, is gradually surpassed by non-public ownership. There has not been any relevant data in official document until Nanfang Daily, dated 11 March (quoted by Wen Wei Po, dated 12 March), discloses the truth. The article states that the non-public ownership of economy has started from nothing, then from weak to strong, and getting stronger and stronger. Nowadays, the non-public ownership accounts for over 90% of the main sector of market economy, produces over 60% of GDP, over 80% of employment, over 65% of fixed asset investment, and over 67% of Foreign Direct Investment. The article continues: due to those great achievements, we have no reason to change the current policy; in order to build a general well-off society, it is necessary to mobilize different sectors of society. ‘Any idea of negating public ownership or non-public ownership is all wrong, as it is not compatible to the interests of the majority or to the requirements of development.’
The above figures show that the sector of public ownership, which was emphasized by CPC, is no longer the main sector of economy. It accounts for less than 10% of the market, produces less than 40% of GDP, less than 35% of fixed asset investment, and less than 20% of employment.
It seems that the Chinese government is reluctant to disclose those figures which may bring negative effects on the sector of public ownership. However, what Nanfang Daily has disclosed clearly proves that public ownership is no longer the main sector, and the authorities have also provided the non-public ownership a policy of development regulation. Ironically, it reiterates that ‘keeping public ownership as the mainstay of the economy and allowing diverse forms of ownership to develop side by side which is the basic system of economy”, and “unswervingly encourage, support, and guide non-public ownership, which is the main direction of the policy of the Party and the country” (quoted from Wen Wei Po, dated 12 March). The sector of non-public ownership has developed stronger than the public ownership. The latter is suppressed by the system of privatization. China is reinforced to become a capitalist country. It is tragic for CPC to make China develop like that. The last quotation of “the idea of negating non-public ownership”, discloses that there is disagreement to the government’s support for the economic development of the sector of non-public ownership. In reality, China has already become a capitalist country with the system of privatization revived and even dominant. However, the CPC still claims that China is a socialist country (with Chinese characteristics). For example, in November 2015, the CPC Central Committee’s Proposal on Formulating the Thirteenth Five-year Plan (2016-2020) on National Economic and Social Development, states that the Central Committee of CPC, with Comrade Xi Jinping as the General Secretary, reiterates adherence to socialism with Chinese characteristics.
This is absolutely not socialism that Marxism proposes with public ownership of production materials being the basic system. The socialist system is to abolish exploitation, to implement “from each according to his ability, to each according to his deeds” at the primary stage, and then “from each according to his ability, to each according to his needs.” Nowadays, what China has carried out is absolutely not socialism, but the revival of capitalist system. China has never realized the state of “from each according to his ability”, as there are massive unemployment and semi unemployment. The policy line of CPC has given up socialism, but it still insists to usurp the name of ‘socialism’. It is indeed a grave mistake and a betrayal!
1 May 2016