China
China's constitution states that The People's Republic of China "is a socialist state under the people's democratic dictatorship led by the working class and based on the alliance of workers and peasants," and that the state organs "apply the principle of democratic centralism." The PRC is one of the world's only socialist states openly endorsing communism (see Ideology of the Communist Party of China). The Chinese government has been variously described as communist and socialist, but also as authoritarian and corporatist, with heavy restrictions in many areas, most notably against free access to the Internet, freedom of the press, freedom of assembly, the right to have children, free formation of social organizations and freedom of religion. Its current political, ideological and economic system has been termed by its leaders as the "people's democratic dictatorship", "socialism with Chinese characteristics" (which is Marxism adapted to Chinese circumstances) and the "socialist market economy" respectively.
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.