Sure, but that's not the correct usage with proper noun acronyms, i.e. ones referring to official names. The official name is the Communist Party of China.
Fair point, but it doesn't point directly toward "intentional derogatory perversion by the US government".
Also keep in mind that the official name is not in English. And what is the standard process for nations to produce "official" foreign-language names for internal subgovernmental organizations, anyway?
Is there an official name in French, or Mandarin, for the Blue Dog Coalition?
In English, adjectives before the noun are the usual form.