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?

The dominant wing of the Chinese Communist Party has pushed through capitalist counter-reforms in the Chinese economy over the past couple of decades, achieving immense economic growth but also devastating effects on the conditions of the workers. Here we publish an interesting letter by an anonymous group of “veteran CCP members, veteran cadres, veteran military personnel and intellectuals” who are opposed to this course.