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".
Ideology of the Communist Party of China
Despite admitting that globalization developed through the capitalist system, the party's leaders and theorists argue that globalization is not intrinsically capitalist, the reason being that, if globalization were purely capitalist, it would exclude an alternate socialist form of modernity. Globalization, as with the market economy, therefore does not have one specific class character (either socialist or capitalist) according to the party. The instance that globalization is not fixed in nature, comes from Deng's insistence that China can pursue socialist modernization by incorporating elements of capitalism. Because of this there is considerable optimism within the CCP that despite the current capitalist dominance of globalization, globalization can be turned into a vehicle supporting socialism. This event will occur through capitalism's own contradictions. These contradictions are, according to party theorist Yue Yi from the Academy of Social Sciences, "that between private ownership of the means of production and socialised production. This contradiction has manifested itself globally as the following contradictions; the contradiction between planned and regulated national economies and the unplanned and unregulated world economy; the contradiction between well-organized and scientifically managed Transnational Corporations (TNCs) and a blindly expanding and chaotic world market; the contradiction between the unlimited increase of productive capacity and the limited world market; and the contradiction between sovereign states and TNCs." It was these contradictions, argues Yue Yi, that led to the dot-com bubble of the 1990s, that has caused unbalanced development and polarization, and widened the gap between rich and poor. These contradictions will lead to the inevitable demise of capitalism and the resultant dominance of socialism.