Socialism with Chinese characteristics, meaning socialism adapted to Chinese conditions, is the official ideology of the
Communist Party of China (CPC) based upon
scientific socialism. This ideology supports the creation of a
socialist market economy dominated by the public sector since China is, as claimed by the CPC, in the
primary stage of socialism. The
People's Republic of China (PRC) government maintains that it has not abandoned
Marxism but has developed many of the terms and concepts of Marxist theory to accommodate its new economic system. The CPC argues that socialism is compatible with these economic policies. In current Chinese Communist thinking, China is in the primary stage of socialisma view which explains the PRC government's flexible economic policies to develop into an industrialized nation.