onsdag 8. januar 2020

So Much for a Rough Year: China Is Set to Achieve Its First Centennial Goal in 2020

In his New Year speech, Chinese President Xi Jinping noted that 2020 will be “a year of milestone significance.” It is the year China will attain the first centennial goal — “finish building a moderately prosperous society” –to celebrate the 100th anniversary of the Chinese Communist Party (CCP). The goal is significant given it is the first promise to redeem in fulfilling the “great rejuvenation of the Chinese nation,” Xi’s outlook for China’s “return to prominence” in the world.

Achieving this “great rejuvenation” would raise Xi himself to historical greatness. Correspondingly, a failure to achieve the first centennial goal would thus be a marked loss of face for the leadership. Also, the realization of the goal ultimately concerns the legitimacy of the CCP, as it often underlines the success of the current one-party system in assuring the well-being of the people, further fueling confidence to the system by vindicating the viability of “socialism with Chinese characteristics.”

How is the “moderately prosperous society” defined?