China

Since the collapse of Chinese real estate conglomerate Evergrande, the second-biggest economy in the world entered a slow-motion crisis that has expanded into other sectors. This crisis has now reached the sphere where the debts are issued: the banks.

Chinese New Year was supposed to be a joyous occasion, but this year, despite the lights and festivities, it was cold and gloomy, given the economic crisis eating into the living conditions of the working class. But amidst the melancholy, there was also a wave of workers' wage protests that are increasing in frequency and intensity.

What is the role of China today? While some on the left have celebrated China’s ambitions as a counterweight to the United States, Jorge Martín explains that capitalism has long been restored in China, and today it has all the features of a rising imperialist power. ‘Multipolarity’ will not benefit the workers of the world, who must trust solely in their own strength to throw off the chains of imperialism and capitalism internationally.

The year 2023 is coming to an end. This year was by no means a good one for the working class in China. However, it has also been a year in which we’ve seen new hopes springing up as workers have moved towards class struggle.

Recent figures have shown youth unemployment in China now stands at over 20 percent – double its pre-pandemic level. When young people in China look around, we see a world filled with turmoil, suffering, and injustice. In our daily lives, we often feel immense tension, pressure, anxiety and pain. Young people might well ask ourselves: what has happened to our world? How did this happen? And most important of all: what must we do about it?

The announcement at the recent BRICS summit that this bloc of countries would be expanded to include six new countries generated a wave of optimistic, almost pious statements from prominent leaders of the Portuguese Communist Party (PCP), extolling the virtues of this enlarged group of countries from the so-called ‘Global South’.

The news that Evergrande has filed for bankruptcy protection in the United States has sounded the final death knell for China’s real estate industries. A series of corporate defaults, a recession in the real estate market, soaring unemployment and a rapid decline in people's consumption have debunked the ruling Communist Party of China (CCP) regime’s fraudulent claims of a “strong economic recovery” in China.

For the past few weeks, with the Lunar New Year approaching, the working class in China has been engaged in a wave of economic strikes, protests and demonstrations. Whilst these struggles vary in terms of scale and militancy, collectively they give a clear indication of the deepening socio-economic crisis, and of the courageous groundswell of class struggle that this is causing to rise up against the capitalist regime.

On 7 December 2022, the Chinese state issued its ‘Ten New Measures’ – a hasty shift from its ‘Zero COVID’ policy towards what it called “accurate counter-measures”. In reality, this was a complete abandonment of previous hardline measures to contain COVID-19. According to the capitalist CCP regime, the ‘Ten Measures’ are aimed at improving “scientific accuracy” in

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A week ago, China saw the rapid proliferation of protests against the regime’s harsh COVID-19 lockdown measures, many of which quickly acquired a political character challenging the entire capitalist regime of the CCP. Although individually the protests were small, the regime is clearly afraid of their potential to mobilise far larger layers. Now, whilst the regime is cracking down, they are also having to relent on its ‘zero COVID’ measures. But in doing so, they face even more instability in Chinese capitalism.

Barely a month after the CCP’s pompous 20th Party Congress, anger from below is bursting to the surface. Last week, the Foxconn mega-factory in Zhengzhou, Henan saw a violent confrontation between workers and the police over wage theft by management, and in the past two days, large and violent protests have been reported in many major cities, targeting the regime’s draconian lockdown measures, which have become a focal point for widespread discontent. As we have long predicted, the deep crisis of Chinese capitalism is beginning to spur the masses into action.

The 20th Congress of China’s ruling Communist Party (CCP) has further consolidated the power of the party-state over society, with President Xi Jinping at its head. Xi has formally inaugurated his third term as supreme leader of the country – a feat only matched by Mao in the history of the People’s Republic of China. The senior leadership of the CCP is now entirely staffed by Xi’s trusted lieutenants. The heavily-stressed theme of this Congress was the necessity of the party-state’s leadership as the country enters the coming period.

A slew of banking crises, struggles, and repression have recently rocked the rural areas of Henan province in China. Earlier in the year, several local banks declared that customers could no longer withdraw their own savings. The depositors quickly organised a struggle against the banks, which were aided and abetted by the CCP bureaucracy. Despite living under the most technologically advanced surveillance state in world history, the depositors’ protests soon escalated from economic to political demands and slogans. These unprecedented developments garnered widespread attention across China, as many workers and youth fear for their future amidst lockdowns and real estate crises that

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In July 2021, the Chinese Communist Party (CCP) celebrated the 90th anniversary of its founding with a blitz of propaganda boasting about how the party’s rule had led to a prosperous, confident and happy China. Yet a year later, the discontent among the Chinese masses towards the regime has reached unprecedented levels, while those at the top of the byzantine party-state bureaucracy are showing clear differences about how to proceed. What does this reveal, and what is its significance for Marxist revolutionaries?

While a lot of attention is being dedicated to the war in Ukraine, an equally important conflict is developing in the Pacific, and it is about who is to dominate this key region: the United States or China? In fact, the main pivot of US foreign policy is against the growing influence of China.