The economic aspect of the superpower status of the People’s Republic of China, including its transformation process

The article: The economic aspect of the superpower status of the People’s Republic of China, including its transformation process focuses on the key events in Chinese economic modern history that led it to become superpower in its region and worldwide. The world order prevailing for several centuries was based on the domination of the European civilization. Nowadays, we have the opportunity to observe the birth of a new order based on the dominance of Asian civilization, in which China has a leadership position. That superpower has the greatest impact in the Asia-Pacific region. This is due to the unique features of Chinese civilization, as well as the success of the economic transformation that has been going on for almost 40 years, which can set an example for developing countries. The Chinese way to economic success is unique on a global scale. In addition to centrally planned and free market systems, there are also so-called hybrids that combine features from both systems. In the case of the People’s Republic of China, this system is defined as a socialist market economy. Under this system, state ownership still dominates, but state-owned enterprises have relative independence in operational planning. There are also companies with mixed capital and entirely based on foreign capital and the private sector is playing an increasing role. It is worth paying attention to how China created its own system, because the way it did is completely different than in the West.

The article includes five parts:
1. Introduction – information about the book promotion event held in Warsaw on December 19, 2019 on the Polish edition of Xi Jinping’s Governance of China vol. I. The book launch was great not only because of the editing and the contents of the book, but also because it was a political, economic, cultural and international event, since the author is the number one politician not only in China but also in the contemporary world. The introduction includes information about the book content and demonstrates its importance for the theoretical generalizations and recognition of the main problems of contemporary China.
2. According to the authors of the paper, problems mentioned in the book are especially important. The original Chinese way of building socialism and the early stages of Chinese revolution were national, anti-feudal, anti-capitalist, democratic and socialist. Mao Zedong established class-based Maoism as a Marxism-Leninism in the Chinese version, while Deng Xiaoping and his successors established and developed the socialist market economy, which is the continuation of Maoism in the new era and they created the Chinese path to the anti-capitalist revolution and the building of socialism with Chinese characteristics. The perspective of the development of China till 2021 and 2049 (as a modern and developed socialism) and its influence on the national rejuvenation is not only Chinese but also an international issue.
3. Third part of the paper is devoted to the problems of building socialism in China, the analysis of the theory of Xi Jinping, the leading role of the CPC, the economic role of the owner and foreign capital in economy and policy, and the socio-economic contradictions in the contemporary PRC.
4. Forth part concerns Confucianism and Marxism as theoretical and practical problems in China; the original Chinese culture and civilization; the continuation and discontinuation of the historical development in contemporary epoch; the original development; the policy of opening- -up; the necessity of considering human contents of Confucianism in building and developing of socialism in China.
5. Fifth part of the paper is on the future status of the Communist Party of China’s Economy. Since the emergence of state-owned economy, it has played a huge role in the economic development of all countries. However, under the way of neoliberalism, state-owned economy has gradually been associated with backwardness and inefficiency. On the forum of state-owned economy enterprise reform in China, General Secretary Xi Jinping gave out important instructions. State-owned enterprises are an important force for strengthening the comprehensive power of the country and safeguarding the common interests of the people. State-owned enterprises must be made stronger, better and bigger. Academia has had a huge disagreement on this, and some scholars believe that this is an act of favoritism toward state-owned enterprises. This paper analyzes China’s state-owned economy from the perspective of total factor productivity (TFP), Marx’s historical materialism, national productivity, and social development, clarifying that state-owned economic reform is diff erent from the system of “profit based demands” rooted in the private economic market, but a system based on national productivity and the “needs” of the people. Making state-owned enterprises “stronger, better, and bigger” is in line with the historical development of socialism and material productivity, resolving doubts on the direction of state-owned economic reform.

The Chinese Road to Socialism as an Object of Criticism

Socialist market economy or more broadly China’s road to socialism is a subject of controversy not only in China itself, but also in the international community. This issue is very complex on many levels. From the very beginning of the formation of the CPC it had to pursue different goals and face completely different challenges than its European counterparts. Due to its cultural and civilization distinctiveness, China had to choose its own path to socialism and its construction. During the times of Deng Xiaoping the Chinese economy opened to the influence of foreign capital, which allowed, on the one hand, to significantly accelerate China’s economic development and raise its position in the international arena, and on the other hand, it was the cause of much controversy.

The contribution to the analyse of the contradictions of contemporary China

The main thesis of article is the analyse of the Chinese contradictions on the characteristic and changes of contemporary epoch. PR China started at 2016 to 13. 5-year socio-economic plan in new “normal economy”. The Chinese GDP at 2020 should reach 80 bin yuan, it’s about 18,75 bin US dol. counted in purchase power of yuan. The slower economic growth and world financial crisis influenced on the social and political tensions in China and on the international area. Xi Jinping – leader of CPC declared at July 2016 in Beijing: “Marxism should be fundamental principle and guiding sign. Otherwise the Party can lose it soul and direction in the confrontation to the Chinese socio-economic development at 2016–2020.” Its demonstrated his deep anxiety with reference its future. Other questions of article are the influence of the socialist market economy on the socio-class structure of CPC, the changes of the class character of CPC, the main threats for China and perspective its development.