The essay argues that the CCP has launched a "profound revolution" with its crackdown on celebrity culture, billionaires, and the private sector generally, citing Beijing's blocking of Ant Financial's initial public offering (IPO) in New York in late 2020, as well as an ongoing probe into the business operations of ride-sharing app Didi Chuxing.
"China is undergoing a profound revolution ... turning away from a capital-centered approach to a people-centered one," the essay said. "It represents a return to the original aims of the CCP ... and to the essence of socialism."
"This revolution will wash all of the dirt away," said the essay, signed by Li Guangman, columnist and former editor of the trade publication CentralChina Electric Power.