Economics

The Communist Party’s Influence Is Expanding — in China and Beyond

  • Communist Party pushes deeper into companies and universities
  • Ubiquitous propaganda evokes memories of Great Helmsman Mao
Bloomberg’s Tom Mackenzie reports on the significance of China repealing presidential term limits.(Source: Bloomberg)
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“Chairman Xi is a descendant of the revolution,” said Liu Yanbin, as he paid a visit to a Chinese revolutionary shrine in Xibaipo, some 350 kilometers (220 miles) from Beijing.

A true believer, the 30-year-old from the surrounding province of Hebei worried that young Chinese were clueless about what the revolution was really about. “China wasn’t just poor before, it had backward ideas,” he said, before bounding up the steps toward the monument.