AIRLINK 67.52 Increased By ▲ 2.32 (3.56%)
BOP 5.45 Decreased By ▼ -0.12 (-2.15%)
CNERGY 4.53 Decreased By ▼ -0.03 (-0.66%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 70.80 Increased By ▲ 0.84 (1.2%)
FCCL 20.17 Decreased By ▼ -0.13 (-0.64%)
FFBL 30.95 Increased By ▲ 1.84 (6.32%)
FFL 9.81 Decreased By ▼ -0.02 (-0.2%)
GGL 10.07 Increased By ▲ 0.06 (0.6%)
HBL 114.10 Decreased By ▼ -0.15 (-0.13%)
HUBC 130.87 Increased By ▲ 1.77 (1.37%)
HUMNL 6.72 Increased By ▲ 0.01 (0.15%)
KEL 4.41 Decreased By ▼ -0.03 (-0.68%)
KOSM 4.82 Decreased By ▼ -0.07 (-1.43%)
MLCF 36.70 Decreased By ▼ -0.30 (-0.81%)
OGDC 134.26 Increased By ▲ 1.96 (1.48%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.62 Decreased By ▼ -0.27 (-1.04%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.60 Increased By ▲ 0.75 (0.66%)
PRL 29.70 Increased By ▲ 0.29 (0.99%)
PTC 14.89 Decreased By ▼ -0.35 (-2.3%)
SEARL 57.85 Increased By ▲ 0.82 (1.44%)
SNGP 66.32 Decreased By ▼ -0.13 (-0.2%)
SSGC 11.00 Increased By ▲ 0.02 (0.18%)
TELE 8.88 Increased By ▲ 0.08 (0.91%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.50 Decreased By ▼ -0.12 (-0.17%)
UNITY 23.50 Increased By ▲ 0.10 (0.43%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,371 Increased By 76.2 (1.04%)
BR30 24,076 Increased By 221.3 (0.93%)
KSE100 70,781 Increased By 490.5 (0.7%)
KSE30 23,309 Increased By 137.6 (0.59%)
World

China's Xi says study capitalism, but Marxism remains top

BEIJING: Communist Party members should study contemporary capitalism but must never deviate from Marxism, Chinese P
Published September 30, 2017

BEIJING: Communist Party members should study contemporary capitalism but must never deviate from Marxism, Chinese President Xi Jinping said, offering a clear signal there will be no weakening of party control weeks ahead of a key Congress opening.

The party brooks no challenge to its rule, and Xi has overseen a sweeping crackdown on civil society since assuming power almost five years ago, tightening the party's grip over the internet, media and security infrastructure, and locking up rights lawyers and dissidents.

Speaking at a study session of the Politburo, one of the party's elite ruling bodies, Xi said that while times are changing and society is developing, the basic tenets of Marxism remain true, state news agency Xinhua said late Friday.

"If we deviate from or abandon Marxism, our party would lose its soul and direction," Xi said. "On the fundamental issue of upholding the guiding role of Marxism, we must maintain unswerving resolve, never wavering at any time or under any circumstances."

Xi said the party should better integrate the basic tenets of Marxism with the "reality of contemporary China and learn from the achievements of other civilizations to create and develop Marxism", Xinhua said.

"Xi also asked Party members to study contemporary capitalism, its essence and patterns," the report added, without elaborating.

China has transformed its economy since it began landmark reforms in the late 1970s, and is now the world's second-largest economy. Private firms are now supported and encouraged, but the state-owned sector remains a major driver of growth and investment, though some industries like iron and steel are suffering from worryingly high levels of over-capacity.

Xi said the party must continuously develop socialism with Chinese characteristics, continuously enhance China's comprehensive national strength and fully demonstrate the advantages of China's socialist system.

Next month's party Congress, which opens on Oct. 18, will see Xi further cement his grip on power and usher in a new generation of senior leaders.

Copyright Reuters, 2017
 

Comments

Comments are closed.