CHINA-LEADERSHIP: CCP CC GENERAL SECRETARY XI JINPING WRITES IN QIU SHI'S 16TH ISSUE DATED AUGUST 16

Xinhua (August 15) publicised that an article by President Xi Jinping on opening new horizons of the Marxist political economy in contemporary China would be published in the 16th issue of the Qiushi Journal to be issued on August 16. The People's Daily (August 17) reported that in the article Xi Jinping's article emphasises that "the Marxist political economy is an important part of Marxism" and that the foundation of China's "political economy can only be Marxist political economy , not other theories". He also said that "in the changing tide of world economy, whether we can steer the big ship of our country's economy well is a big test for our party". He mentioned "people-centered thinking", innovation and the green economy and asserted "we must unswervingly consolidate and develop the public-owned economy, unswervingly encourage, support, and guide development of the non-public economy" However, he asserted that "the dominant position of public ownership cannot be shaken, and the leading role of the state-owned economy cannot be shaken".

(Comment: In this article, Chinese President Xi Jinping unequivocally states there will be no change in the status of the State owned Enterprises (SoEs). There have been an increased number of articles by Chinese President Xi Jinping in Qiu Shi in recent months. This coincides with the apparent increased emphasis on ideology.)






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