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Xi seizes the chance to lead China in the path to power

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Chinese communist leader and Chinese President Xi Jinping spoke at the celebration for the 100th founding anniversary of the Chinese Communist Party on July 1, 2021 in Beijing, China.

Lintao Zhang | Getty Images News | Getty Images

BEIJING — One hundred years since the founding of China’s Communist Party — which it says was born out of a secret meeting on a boat — President Xi Jinping now stands a chance to lead the country to becoming the world’s largest economy.

Achieving that level of growth will require China to propel itself past looming challenges: the so-called middle income trap, lack of innovation and a rapidly aging population. That’s according to analysts, mostly looking in…



Source cnbc.com

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