alt Hacker Newsit follows marxist principles and is building towards communism, which isn't overnight. It's currently in a socialist stage. Also, Xi is closer to the captain of a ship rather than an absolute monarch. He has a lot of power, yes, but that's because the party trusts him, not because he demands it
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In the age of Mao, wasn't it closer to Marxism? There are more billionaires in China now, then there were back then. By that I mean, the wealth disparity in China is at an all-time high now, is it not? Xi removed the 2-term limit from his own position, and has been doing an excellent job at consolidating his power base, through all means necessary.
Disclaimer: I believe that pure "capitalism" and pure "communism" are marketing terms which both lead to authoritarianism, aka the "Horseshoe Theory of politics." To me, the natural end-state, if we survive the extremists is Social Democracy. However, it's boring and everyone appears to find the extremes far more exciting.
> It's currently in a socialist stage.
No it's not. It's in a state capitalist stage.