China's ruling Communist Party must keep pace with changing circumstances while safeguarding the advances it has made, President Xi Jinping said on Wednesday during celebrations for its 105th founding anniversary. Xi did not identify specific opportunities or risks, but analysts say slower economic growth and demographic decline pose key challenges for the world's second-largest economy. In a 40-minute speech at Beijing's Great Hall of the People, China's most powerful leader since Mao Zedong urged party cadres to actively recognise and adapt to, change, while promoting the party's work. "China's development is currently in a period where strategic opportunities, risks and challenges coexist," said Xi, who called for the party to better coordinate efforts to tackle domestic and international issues. Faced with external challenges from Western-led curbs on technology to turbulent trade ties with the United States and tension over Taiwan, party l...
China's ruling Communist Party must keep pace with changing circumstances while safeguarding the advances it has made, President Xi Jinping said on Wednesday during celebrations for its 105th founding anniversary. Xi did not identify specific opportunities or risks, but analysts say slower economic growth and demographic decline pose key challenges for the world's second-largest economy. In a 40-minute speech at Beijing's Great Hall of the People, China's most powerful leader since Mao Zedong urged party cadres to actively recognise and adapt to, change, while promoting the party's work. "China's development is currently in a period where strategic opportunities, risks and challenges coexist," said Xi, who called for the party to better coordinate efforts to tackle domestic and international issues. Faced with external challenges from Western-led curbs on technology to turbulent trade ties with the United States and tension over Taiwan, party l...