Every utility and business in China is ‘nationalised’ and owned by the Communist Chinese State. In other words, the Communist Party of China (CPC) – as the organised representative of the working class – having ceased full control of the means of production in 1949, now administers the entire business and service economy to benefit the people.
The famous scientist named Qian Xue Sen, (as far back as the mid-1990’s), proposed a ‘Great Compendium of Wisdom Studies’ school of thought. In the 21st century, the famous educator Gu Ming Yuan, the President of the Chinese Association of Education, developed the academic subject of Wisdom Studies. Within China there has been the development of the Chinese Wisdom Project Research Council, together with the emergence of the International Chinese Wisdom Society in Hong Kong, as well as the Zhangjiagang City Wisdom Studies Project, and other similar academic institutes.