China marks 75 years of Communist Party rule as economic challenges and security threats linger
The Hindu
In recent decades, China has mounted military parades and displays of the country’s economic might only at the turn of decades, such as for the 60th and 70th anniversaries.
China is marking the 75th year of Communist Party rule as economic challenges and security threats linger over the massive state.
No festivities have been announced for the occasion on Tuesday, save for a flag-raising ceremony at Tiananmen Square, with an honor guard marching from the entrance of the sprawling palace that in past centuries was the home of Chinese emperors. The entirely state-controlled media ran constant reports on China's economic progress and social stability, with no mention of challenges ranging from a declining birth rate to the disruption in supply chains that has harmed the largely export-driven economy.
Commemorations were also held in the former British colony of Hong Kong and Portugal's former territory of Macao, both of which returned to Chinese sovereignty in the late 1990s in a key indication of Beijing's determination to overcome what it has called a “Century of Humiliation.”
In recent decades, China has mounted military parades and displays of the country's economic might only at the turn of decades, such as for the 60th and 70th anniversaries.
The world’s second largest economy has struggled to regain momentum after the COVID-19 pandemic.
A prolonged property slump led to a spillover effect on other parts of the economy, from construction to sales of home appliances. Last week, China announced a slew of measures to boost the economy, including lower interest rates and smaller down payment requirements for mortgages.
Party leader and head of state Xi Jinping has largely avoided overseas travel since the pandemic, while continuing with his purges at home of top officials considered insufficiently loyal or being suspected of corruption or personal indiscretions.