Performers rally around the Red Flag during a show commemorating the 100th anniversary of the founding of the Communist Party of China at the National Stadium in Beijing, China June 28, 2021. REUTERS/Thomas Peter TPX IMAGES OF THE DAY – RC2P9O9MEA47
HONG KONG, June 30 (Reuters Breakingviews) – The Chinese Communist Party turns 100 this week. A century after it was founded in Shanghai’s French concession, the institution has never been so popular at home or resented abroad. Its leaders are experts at the nuances of control, and long on ambition. But they are dangerously short on new ideas.
Under President Xi Jinping, the CCP has strode boldly on the world stage. It has founded multilateral lending institutions, pushed the yuan into the International Monetary Fund’s currency basket, and poured money into overseas infrastructure projects under the Belt and Road initiative. Back home, it has eliminated absolute poverty by its own measure and promises…
