Xi Jinping touts alternative to counter Western capitalism in speech on Mao

News Snapshot:

Chinese President Xi Jinping utilised a commemorative speech honoring the 130th anniversary of Mao Zedong’s birth to advocate for a recently introduced framework aimed at countering the Western capitalist model. According to a Bloomberg report, while addressing an event in Beijing to mark Mao’s 130th birth anniversary, Xi said, “The central task of the nation and its ruling Communist Party is to build China into a stronger country and rejuvenate the Chinese nation on all fronts by pursuing Chinese modernisation.” He described Chinese modernisation – a vague concept he has been promoting since 2021 – as “a cause passed down...