China: A Revealing Eulogy!


A Japanese Monopoly Capitalist Praises China’s Ruling “Communist” Party


By Michael Pröbsting, International Secretary of the Revolutionary Communist International Tendency (RCIT), 1 June 2021,




People's Daily – the central organ of China’s ruling “Communist” Party – published a short but highly interesting statement by a Japanese monopoly capitalist. Takashi Nishimura, president of Asahi Beer (China) Investment, said ''Things are very different now in China as compared with many years ago. If it were not for the leadership of the Communist Party of China, the country couldn't have achieved so much. It's really a grand project." [1]


Such a statement carries weight. Asahi Beer is one of the big monopolies in Japan. It is listed in the Nikkei 225 – an index which compiles the largest 225 corporations on the Tokyo Stock Market – as well as the Forbes Global 2000. As president of the corporation’s China division, Mr. Nishimura certainly knows what he is talking about. This is even more the case since he is making – highly profitable – business in China already for 12 years.


Such a eulogy is highly revealing. We can take it for granted that Mr. Nishimura – as a leading manager of a multinational corporation – is clear of suspicion to entertain any sympathies for communism, i.e. the abolition of class exploitation by socialization of the means of production. Hence, when he praises China’s progress, he certainly views this from a capitalist point of view – in other words, the opportunity to make profit.


The Japanese monopoly capitalist is certainly not wrong in this. As we have demonstrated on numerous occasions, China’s capitalism rapidly advanced in the past decades, created a powerful bourgeoise and became an imperialist Great Power. [2] Today, China provides the largest number of super-rich (1/3 of all billionaires in the world!). [3] Likewise, it has the largest number of global leading corporations (the Fortune Global 500 list of 2020 has 124 companies from China and 121 from the U.S.). [4]


The president of Asahi Beer (China) Investment is not an isolated case. Many Chinese and international capitalists appreciate the gigantic opportunities to make profit enabled by the pro-business policy of the “Communist” Party. As we have shown somewhere else, these “communists” praise themselves that China has become the world's second largest bond market after the United States. [5]


In short, the international bourgeoisie recognizes the capitalist character of China’s economy and so does the CPC leadership itself.




Stalinist, Populist and Pseudo-Trotskyist Muddleheads




There are only few people who fantasize about “socialism” in today’s China. On one hand, there are the morons among the right-wing ideologists of the U.S. Republicans. Their motivation is pretty obvious as they need such rhetoric in order to justify their Cold War policy against the Chinese rival.


Then there are various Stalinist and left-populist Bolivarian parties. There motivation is also not so difficult to understand. The “left-wing” governments of Venezuela, Bolivia, Cuba and others – in fact, these are state-capitalist bonapartist regimes – need trade, foreign investment and financial aid. The same is true for the populist-Kirchnerist government in Argentina. Business with China has also the convenient advantage of filling the bags of many businessmen and politicians in these countries. They live according to the motto: “enrich yourself in the name of socialism”.


And those Stalinist bureaucrats who can not make money out of their connections with Beijing – well, at least they have, finally, a new ideological fatherland, three decades after the collapse of the Soviet Union.


Finally, there are the muddleheads in the ranks of pseudo-Trotskyism. As we have shown somewhere else, the Argentinean Partido Obrero – both the Altamira as well as the anti-Altamira faction – still claims that China (and Russia) is a kind of “workers state” and that capitalism has not been restored. [6]


The leaders of the PTS (Argentina) and their international comrades-in-arms in the Fracción Trotskista are more evasive on this issue. However, they strongly refute the thesis that China has become imperialist. Worse, they even claim that neither China nor Russia has “yet seen the consolidation of a capitalist class”. [7]


What is the purpose of such denial of reality? Surely, these “Trotskyists” have no intention to do business with Beijing. But they might hope to build closer relations with the bureaucratic apparatus of the pro-Chinese bourgeois-populist and reformist parties.


Whatever their motifs are, the objective meaning of such whitewashing of China’s capitalism is clear. We are living in an era of acceleration of imperialist rivalry between the Great Powers (U.S., China, EU, Russia and Japan). [8] Characterizing China as “socialist”, as a (deformed) “workers state” or as a state with an “unconsolidated capitalist class” means nothing but an ideological gateway to side with China (and Russia) against their Western rivals. In other words: it opens the treacherous road to social-imperialism.


Furthermore, it opens the path to accommodation of these “Trotskyists” parties with the pro-Chinese bourgeois-populist and reformist parties. The meaning of this is obvious: crossing the class-line and supporting a faction of the bourgeoisie.


Those militants who oppose such a road should break with such opportunist and social-imperialist conceptions!


[1] People's Daily: CPC leadership is key to China's transformation: Japanese businessman, May 31, 2021,

[2] See on this e.g. our book by Michael Pröbsting: Anti-Imperialism in the Age of Great Power Rivalry. The Factors behind the Accelerating Rivalry between the U.S., China, Russia, EU and Japan. A Critique of the Left’s Analysis and an Outline of the Marxist Perspective, RCIT Books, January 2019,; by the same author: Chinese Imperialism and the World Economy. An Essay published in the second edition of The Palgrave Encyclopedia of Imperialism and Anti-Imperialism (edited by Immanuel Ness and Zak Cope), Palgrave Macmillan, Cham, 2020,; China‘s transformation into an imperialist power. A study of the economic, political and military aspects of China as a Great Power (2012), in: Revolutionary Communism No. 4,

[3] See e.g. Michael Pröbsting: China is Definitely the Place where You Want to Be (If You are a Billionaire). Following the Latest Report of the Hurun Global Rich List, 8.3.2021,; by the same author: China's Billionaire Lawmakers. A telling comparison of extremely wealthy Chinese lawmakers with their peers in the US Congress, 9 March 2019,; China: A Paradise for Billionaires. The latest UBS/PwC Report about the Global Super-Rich Delivers another Crushing Blow to the Stalinist Myth of China’s “Socialism”, 27.10.2018,; China’s “Socialist“ Billionaires. Following the Latest Report about the Global Super-Rich, 16.11.2015,

[4] Fortune Global 500, August 2020,

[5] See Michael Pröbsting: China: Another “Success“ of the Stalinist-Capitalist Regime. Official announcement that China has become the world's second largest bond market, 3 July 2019,

[6] See on this e.g. Michael Pröbsting: Russia and China: Neither Capitalist nor Great Powers? A Reply to the PO/CRFI and their Revisionist Whitewashing of Chinese and Russian imperialism, 28 November 2018,; by the same author: The Catastrophic Failure of the Theory of “Catastrophism”. On the Marxist Theory of Capitalist Breakdown and its Misinterpretation by the Partido Obrero (Argentina) and its “Coordinating Committee for the Refoundation of the Fourth International”, 27 May 2018,

[7] See on this Michael Pröbsting: How is it possible that some Marxists still Doubt that China has Become Capitalist? (A Critique of the PTS/FT), An analysis of the capitalist character of China’s State-Owned Enterprises and its political consequences, 18 September 2020,; Unable to See the Wood for the Trees (PTS/FT and China). Eclectic empiricism and the failure of the PTS/FT to recognize the imperialist character of China, 13 August 2020,

[8]. On the accelerating rivalry between the Great Powers see, in addition to the above-mentioned publications – our documents which are compiled at a special sub-page on the RCIT’s website: The RCIT’s documents on the Global Trade War have been collected at another special sub-page:;