I think with al the advances that China achieved, it is about time for China to rebrand.  While the structure can remain the same ,the branding needs a little bit of upgrading to keep up with the times.  In order to effectively project its soft power and to distance from the baggage of the past, it has to.  Rebrand the flag, the party name and possibly the name.  How about the yellow flag with a dragon on it?  China to Zhongquo?