World

President Xi Jinping Reveals A New Principal Contradiction For China

Identification of the ‘principal contradiction’ in China has always been a very important event, as the Chinese history clearly shows. The last major change in its perceived ‘principal contradiction’ – a concept derived by Mao from the Marxist ‘dialectic materialism’- changed the trajectory of Chinese economy, enabling it to adopt market process without giving up the socialist ideology. How the new ‘contradiction’ affects Chinese future, will be a big topic of debate…