The march towards capitalism is not a simple straightforward process. There are opposition voices within the bureaucracy, but more importantly capitalist development has created a massive working class and this is now being expressed in the growing level of strikes.

State planning has broken down in China, but the state still plays a key role in providing capital investment and in nurturing major Chinese corporations whose role is to compete with the foreign multinationals and guarantee that important economic interests remain in Chinese hands.

Nearly thirty years have passed since Deng first introduced his “market reforms”. What started as an attempt to stimulate growth within a planned economy has ended up by establishing capitalist relations in the Chinese economy. How did all this happen and where is China going today?

Join us!

Help build the forces of Marxism worldwide!

Join the IMT!