4th World Congress on Marxism opens in Beijing

The fourth World Congress on Marxism opened at Peking University in the Chinese capital on Saturday.

The two-day event, under the theme "Marxism and Human Civilization," has gathered international specialists and scholars from about 20 countries.

During interviews with the China Global Television Network (CGTN), participants shared insights on Chinese modernization and its connection to Marxism.

"What's interesting about Chinese-style modernization is that it's going to be the first type of modernization which isn't based on imperialism, colonialism, hegemonism and war, so it's a peaceful type of modernization, and it's a type of modernization that's based on common prosperity and ecological preservation," said Carlos Martinez, an author, independent researcher and political activist from Britain.

"A lot of people think that China's modernization is completely disconnected from Marxism because Marxism expected revolution to take place in advanced countries and such like things. I believe that this is a misunderstanding. And if you take account of what Marxism says about imperialism, about the need to resist imperialism, etc, China's modernization is very deeply connected with Marxism. Indeed, China's modernization demonstrates the truth of Marxism," said Radhika Desai, a professor of the Department of Political Studies at the University of Manitoba in Canada.

The congress features 10 panels and three high-profile dialogs on topics ranging from Marxism and Chinese civilization, global governance, to the transformation of human civilization in the digital age. This year marks the 10th anniversary of the World Congress on Marxism, which was launched in 2015 and is held every three years.

4th World Congress on Marxism opens in Beijing

Tokyo stocks tumbled on Tuesday, with the benchmark Nikkei index falling below the 70,000 mark after snapping an eight-session winning streak, as investors took profits amid concerns over an overheated market.

The 225-issue Nikkei Stock Average ended down 2,565.58 points, or 3.55 percent, from Monday at 69,788.38.

The broader Topix index, meanwhile, finished 104.67 points, or 2.56 percent, lower at 3,990.38.

On the top-tier Prime Market, nonferrous metal, electric appliance, and information and communication issues were notable decliners.

The Nikkei briefly traded higher at the open but soon reversed course as selling pressure mounted after the index had surged more than 8,100 points during its eight-session advance.

Heavyweight technology shares, particularly recent gainers such as Kioxia Holdings Corp. and Tokyo Electron, led the decline. The selloff was partly cushioned as dip-buyers stepped in.

Losses extended in the afternoon, with the Nikkei diving more than 3 percent toward the close.

Tokyo stocks slump on overheating concerns