New Left and Chinese Socialism 3.0

"It is only in this global context that we can truly appreciate the significance of Chinese socialism 3.0. The Chinese people do not believe in the “end of history” and remain tireless in exploring the socialist path. At the same time, they will not rest on their laurels or stick to the beaten path. Having reached a new stage of development, they will “upgrade” socialism with Chinese characteristics while experimenting with a wide range of new policies.28 Since food and clothing are no longer the major concern of the vast majority of Chinese people, Chinese socialism 3.0 must substantially increase investment in public goods and services, and further improve the welfare level of the whole of society."

Wang Shaoguang

Source: European Council on Foreign Relations