It is to the outstanding great credit of the Communist Party of the
Philippines that it is one of the proletarian revolutionary parties
of the world successfully leading the people's democratic revolution
through protracted people's war under the theoretical guidance of
Marxism-Leninism-Maoism. It is widely recognized as a torch-bearer of
the world proletarian-socialist revolution, whose resurgence is being
ushered in by the anti-imperialist and democratic mass struggles all
over the world and by the intensification of all major
contradictions: between labor and capital; between the imperialist
powers and the oppressed peoples and nations; among the imperialist
powers themselves; and the US and China as the chief imperialist
rivals.