A routine report on China's economy

By Charles Andrews

Below are excerpts from a routine report in the Western business press on China's economy. The statistics come from the PRC government.

While many U.S. congresspersons, governors, and so on denounce “communist China,” the Western business press has no problem reporting plain facts just as it does for any other capitalist country.

Xi Jinping praises Marxism while China deepens its capitalist transformation

Chinese President Xi Jinping has praised Karl Marx as "the greatest thinker of modern times," calling his theories a tool for China to "win the future", according to a recent report by Xinhua. 

President Xi gave a speech last Friday at the Great Hall of the People in central Beijing, during an event marking the bicentennial of Marx's birth in 1818 in Germany.

The most valuable and influential spiritual asset that Marx left us is the scientific theory named after him -- Marxism. Like a spectacular sunrise, the theory illuminated the path of humanity's exploration of the law of history, and humanity's search for their own liberation, Xi said.