Abstract The Confucian revival, which manifests itself in the modern Confucian current, belongs to the most influential and important streams of thought in contemporary Chinese philosophy and represents a crucial part of the new prevailing ideologies in P. R. China. Although many books and articles on this topic are available in Chinese, academic studies in Western languages are still few and far between. The present article aims to introduce this stream of thought which is grounded in the conviction that traditional Confucianism, understood as a specifically Chinese social, political, and moral system of thought can, if renewed and adapted to meet the conditions of the modern era, serve as the foundation for an ethically meaningful modern life. Simultaneously, modern Confucian philosophers also aim to provide a spiritual antidote to the alienation which is seen by them as a collateral effect of the capitalistic glorification of competition and the single‐minded pursuit of profit. The scholars belonging to this stream sought to reconcile ‘Western’ and ‘traditional Chinese’ values, in order to create a theoretical model of modernization that would not be confused or equated with ‘Westernization’.