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Cheers greeted Chinese President Xi Jinping (習近平) as he toured Beijing’s Renmin University of China in April, telling students and teachers: “We must continue to promote the modernization of Marxism.” Social science research should have “Chinese characteristics” and contribute to “China’s independent knowledge system,” he said. Xi’s statement was in notable contrast to 11 years earlier, when then-Chinese president Hu Jintao (胡錦濤) visited the same campus, “listening carefully” to discussions on macroeconomics. That was in China’s boom years. The economy was growing faster than 10 percent a year, and private entrepreneurs in sectors such as real estate and technology operated with

Zhao fengJiang yuUnited statesLiu yuanchunYuen angLiu weiKarl marxTom hancock bloombergPolitburo standing committeeChinese state councilCouncil development research centerRenmin university of chinaChinese communist partyRenmin universityUniversity of michiganTom hancock