A look at some of the meaning behind the recent developments. Though he is the son of a former high official, a friend to both Mao and Deng, Xi rose to the pinnacle by applying what is now referred to as the hybrid economic theory of “socialism with Chinese characteristics in the new era.” Though not new, Xi has made it one of his standards, alongside his call for the “great rejuvenation of the Chinese nation” and the “Chinese dream” of relative prosperity.
Key to realizing those goals are the “two centenaries,” namely building a “relatively prosperous society” by the party’s 2021 centenary, which it claims to have achieved, and a “modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious” by the centenary of the founding of the People’s Republic in 1949.