This study uses the category of fundamental assumptions as a basis to assess the extent of change that might be taking place in an organization. This understanding is important for the present attempt premised that a changein the "underlying assumptions" is crucial to any successful organizational change. The Chinese organizations were chosen as case example for this study. The purpose is to ascertain the extent the fundamentalassumption of Chinese organization has already detached itself from its historical past and is now established on completely new philosophical underpinnings. The findings from this study propose that although there appears to be a remarkable momentum in the making of a new value system, the fundamental assumptions of Chinese organizations have remained intact. Moreover, the set of assumptions animating Chinese organizationsnowadays is shaped largely by Confucianism and events inspired by Maoism and Dengism. Put differently, a significant break-Through in creating new Chinese organizations has yet to be materialized and the present Chinese organizations, and by extension, the Chinese society, are still very much cast by their social-psychological legacies.