Politics of China
China practices a form of democracy that it calls socialist consultative democracy. Socialist Consultative Democracy is the form of democracy that exists in the People's Republic of China, though at least one source says that this form of democracy was created by the Communist Party of China. According to an article on Qiushi Journal, "Consultative democracy was created by the CPC and the Chinese people as a form of socialist democracy. In this sense, consultative democracy represents the grand product of our efforts to enrich and develop Marxist theories on democracy. Socialist consultative democracy exhibits distinctive features as well as unique advantages. Not only representing a commitment to socialism, it carries forward China’s fine political and cultural traditions. Not only representing a commitment to the organizational principles and leadership mode of democratic centralism, it also affirms the role of the general public in democracy. Not only representing a commitment to the leadership of the CPC, it also gives play to the role of all political parties and organizations as well as people of all ethnic groups and all sectors of society".
Socialism with Chinese characteristics
The Communist Party of China still considers private ownership to be non-socialist. However, according to party theorists the existence and growth of private ownership does not necessarily undermine socialism and promote capitalism in China. It is argued that Karl Marx and Friedrich Engels never proposed the immediate abolishment of private ownership. According to Engel's book "Principles of Communism", the proletariat can only abolish private ownership when the necessary conditions have been met. In the phase before the abolishment of private ownership, Engels proposed progressive taxation, high inheritance taxes and compulsory bond purchases to restrict private property while using the competitive powers of state-owned enterprises to expand the public sector. Marx and Engels proposed similar measures in "The Communist Manifesto" in regards to advanced countries, but since China was economically undeveloped party theorists called for flexibility regarding the party's handling of private property. According to party theorist Liu Shuiyuan, the New Economic Policy program initiated by Soviet authorities in the aftermath of the war communism program is a good example of flexibility by socialist authorities.