State-run media under the ruling Chinese Communist Party (CCP) reprint the essay in full, which signals a ‘profound’ political shift under leader Xi Jinping.
The essay, titled “Everyone can tell that profound social change is under way” and printed in CCP mouthpiece the People’s Daily, uses the recent crackdown on China’s scandal-hit entertainment industry to argue that profound political change is afoot that will focus on easing inequality.
The essay argues that the CCP has launched a “profound revolution” with its crackdown on celebrity culture, billionaires, and the private sector generally, citing Beijing’s blocking of Ant Financial’s initial public offering (IPO) in New York in late 2020, as well as an ongoing probe into the business operations of ride-sharing app Didi Chuxing.
“China is undergoing a profound revolution … turning away from a capital-centered approach to a people-centered one,” the essay said. “It represents a return to the original aims of the CCP … and to the essence of socialism.”
“This revolution will wash all of the dirt away,” said the essay, signed by Li Guangman, columnist and former editor of the trade publication Central China Electric Power.
“Our capital markets will no longer be a paradise for capitalists to get rich overnight; our cultural sphere no longer a paradise for sex-crazed celebrities, and the worship of Western culture will no longer be a feature of our news coverage or public opinion,” Li wrote.