GenZhouArchive

u/Jon_Boopin - originally from r/GenZhou
It's important to recognize something Lenin wrote in State and Revolution. Specifically, the fact that as long as class society exists, a state will exist, because the ruling class always acts in self-interest. And with their might of capital, they rule with armed soldiers and police. The final authority of violence is what the proletariat must use to switch the situation around. Instead of the bourgeoisie oppressing the proletariat with the powers that give way to the state, the proletariat must oppress the bourgeoisie with the powers that give way to the state -- the monopoly of violence.

China's intention is to do several things:

• Oppress the bourgeoisie by using state power (Strict regulations economically, strict filtering socially)
• Develop their own productive forces, as Marx/Lenin put it, so that they are no longer dependent on one or few types of commerce to develop their economy and technological advancements, i.e. they can self-sustain and the US Empire loses the imperialist power of being able to choke them of resources should they decide to implement Communism/stricter socialist policies

These billionaires are indeed capitalists. In fact, a few select ones are in the government as a means of the CPC working with what they call the national bourgeoisie, i.e. bourgeoisie who is oppressed from using state power (lobbyism) and must obey the orders of the proletarian state. However, the CPC sees this as a temporary step; rightfully so (They tried the purist socialist route, which led to the many mistakes of the Cultural Revolution, including the somewhat successful but riddled with death industrial/agricultural plans). Marx talked very heavily about the importance of evolutionary technology being a necessity for the sequential steps of societal development, and given that they tried to veer off this path of Marxism-Leninism during the CR, they failed because they lost the fundamental historical and material analysis needed in a proletarian state, as described by Marx. China will continue to develop the productive forces of the state until the contradictions of imperialism are settled, i.e. class society has been abolished.

tl;dr Marx and Engels emphasized that private property could not be abolished in one stroke, but rather that a temporary transition would take place, because that is simply the nature of reality analyzed with dialectical materialism. Also the Imperialist US exists and will stop at literally nothing to prevent them from threatening their grip on the world, so they have to become resource independent.

Finally, a word from a great revolutionary:

The national bourgeoisie at the present stage is of great importance. Imperialism, a most ferocious enemy, is still standing alongside us. China's modern industry still forms a very small proportion of the national economy. No reliable statistics are available, but it is estimated, on the basis of certain data, that before the War of Resistance Against Japan the value of output of modern industry constituted only about 10 per cent of the total value of output of the national economy. To counter imperialist oppression and to raise her backward economy to a higher level, China must utilize all the factors of urban and rural capitalism that are beneficial and not harmful to the national economy and the people's livelihood; and we must unite with the national bourgeoisie in common struggle. Our present policy is to regulate capitalism, not to destroy it. But the national bourgeoisie cannot be the leader of the revolution, nor should it have the chief role in state power. The reason it cannot be the leader of the revolution and should not have the chief role in state power is that the social and economic position of the national bourgeoisie determines its weakness; it lacks foresight and sufficient courage and many of its members are afraid of the masses.

-Mao Zedong