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Goals. The article discusses the place and role of Buddhism in current sociopolitical strategies of China’s Communist Party. Results. The study shows that the CPC’s sociopolitical strategy is aimed at realizing the ‘Chinese Dream’ which implies scenarios as follows: building of ‘Socialism with Chinese characteristics under the new conditions’; ‘complete construction of a moderately prosperous society’; implementation of the ‘One Belt ― One Way’ project; establishment of ‘a community of shared future for mankind’ with other countries; creation of ‘a multipolar world’. The official ideology underlying the party’s strategy is Marxist philosophy. So, the paper reveals key stages in the development of Marxist philosophy in the context of China’s social and political landmarks. At the same time, significant attention is paid to traditional culture. Conclusions. The article concludes special importance in realizing the ‘Chinese Dream’ is given to the revival of cultural heritage essentially based on the ‘Three Teachings’ – Confucianism, Taoism, and Buddhism. Buddhism is reported to still be of great importance in this heritage. The work gives insight into the modernization of Buddhist philosophical and soteriological principles that emerged in line with China’s new sociopolitical trends, and reveals the concept of ‘humanistic Buddhism’ put forward by Tai Xu, a leader of Renovated Buddhism, proves important enough to this modernization. Thus, the relationship between modernized Buddhism and the Communist Party rest on somewhat mutually beneficial basis: philosophical and worldview principles of Buddhism, its tolerance, and peaceful nature constitute a huge potential for its use in sociopolitical strategies of China’s Communist Party. The paper also emphasizes the role of Buddhism in foreign policies as a diplomatic factor of the Chinese government.