• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Giants Pitchers Who Wrote Bible Verses On Pride Night Hats Won’t Be Disciplined, MLB Commissioner Rob Manfred Says

June 23, 2026

Intel CEO gives investors a reality check

June 23, 2026

Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

June 23, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Tuesday, June 23
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

    June 23, 2026

    Democrats Are Turning Out In Droves — Even In MAGA Country

    June 23, 2026

    Trump’s Midterm Election Rigging Scheme Handed Big Loss

    June 23, 2026

    Senate Passes Major Housing Bill As Citizens Continue To Miss Out On Key Pillar Of American Dream

    June 22, 2026

    Trump Melts Down When Reporters Challenge His Reflecting Pool Vandalism Story

    June 22, 2026
  • Health

    Kidney transplant, livestock disease, Texas: Morning Rounds

    June 22, 2026

    The Hidden Hormone Controlling Your Energy, Mood, And Recovery

    June 22, 2026

    A New Way To Hit Pancreatic Cancer’s Hardest Target

    June 22, 2026

    Ebola Congo: 1,000 cases, 254 deaths, still a search for patient zero

    June 22, 2026

    What GenAI’s Math Breakthrough Means For Medicine

    June 22, 2026
  • World

    Polish President to Strip Zelensky of Top Honor over WW2 Dispute

    June 23, 2026

    Supreme Court Reinstates Murder Conviction In Case Of Etan Patz, Missing NYC Boy

    June 23, 2026

    51 Dead or Missing After Migrant Boat Capsized Off Libya Coast

    June 23, 2026

    World Cup Tourists Share First Impressions Of The U.S.

    June 23, 2026

    Leftist Terrorist With Airline Hijack Links on Party Ballot in Germany

    June 23, 2026
  • Business

    Influential Economic Policy Center Bankrolled By Shady Dating App Founder

    June 19, 2026

    Dem Senator‘s 22-Year-Old Son Raises Eyeballs After Raking In $30 Million Investment

    June 19, 2026

    Jeff Bezos Claims AI Boom Will Actually Lead To Labor Shortages

    June 17, 2026

    Are You Gay Enough To Get A California Utilities Contract? Here’s The Test

    June 17, 2026

    Jersey Mike’s Overtakes Chick-Fil-A As Highest Rated Fast Food Chain

    June 17, 2026
  • Finance

    Intel CEO gives investors a reality check

    June 23, 2026

    China’s 618 shopping festival growth slows sharply as consumer spending malaise persists

    June 23, 2026

    Borrowing need will dictate your interest rate

    June 23, 2026

    52-year-old Outback Steakhouse rival chain closes 24 locations

    June 22, 2026

    Ex-Trump advisor makes bold case for Bitcoin

    June 22, 2026
  • Tech

    Elon Musk’s SpaceX IPO Spurs Momentum for Orbital AI Data Centers

    June 23, 2026

    Netflix’s Mega Podcast Venture Failing to Earn Fans

    June 23, 2026

    Texas Grandma Killed by Tesla Crashing into Home, Driver Claims ‘Autopilot’ Active

    June 22, 2026

    Asbestos Discovered in 1,000 UK Wind Turbines Imported from China

    June 22, 2026

    ‘F**k These Weird Ass Vultures’

    June 22, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»China’s Economy Took Center Stage in Xi’s New Year Address – as a Positive
Finance

China’s Economy Took Center Stage in Xi’s New Year Address – as a Positive

January 8, 2025No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
China’s Economy Took Center Stage in Xi’s New Year Address – as a Positive
Share
Facebook Twitter LinkedIn Pinterest Email

Chinese President Xi Jinping delivered his annual televised new year address on December 31, and commentators have been quick to share their interpretation. Some have emphasized Xi’s passing reference to Chinese reunification as a threat against Taiwan. Others have focused on Xi’s comments about China’s economy, framing them as a fearful reaction to Donald Trump’s reelection as U.S. president.

However, these accounts miss the bigger picture. Xi’s new year address speaks to the increasing insecurity of the Chinese Communist Party’s (CCP) grip on power. This insecurity is evident in how Xi’s comments, supported by the party’s control of Chinese media, attempted to gaslight the Chinese people.

The mainstay of Xi’s address concerned the economic success of China. He stressed that the Chinese economy is thriving, and explained that China’s total GDP is soon expected to surpass 130 trillion yuan ($17.7 trillion). This equates to a 4.9 percent increase in GDP over the course of the last 12 months.

Reports on Xi’s address in the Chinese media have taken this a step further. China Daily, the official CCP-owned newspaper often used to communicate the party’s position in the English language, praised Xi’s “heartening speech” and stressed the impressiveness of China’s “remarkable” growth rate. An article published on January 1 explained that other developed economies struggled to average growth rates of 1.5 percent.

Omitted from the positive economic commentary of Xi’s address is the reality that China’s economic growth has slowed, falling from 5.2 percent in 2023. Although a growth rate of 4.9 percent is impressive relative to other developed economies, it is disappointing within the context of Chinese economic growth. China achieved annual growth rates of over 10 percent in the 2000s, with GDP even growing by around 13 percent in some years.

See also  Creator of Metaverse 'Adult Content' Earns $100K a Year

One year ago, in his 2024 address, Xi acknowledged the challenges facing the Chinese economy. He promised economic interventions that would accelerate growth and promote job creation to tackle worrying rates of youth unemployment. However, despite these interventions, China’s economic growth continues to slow and youth unemployment remains high.

It is perhaps difficult to understand why Xi and the CCP admitted to economic challenges when China’s growth rate was higher and celebrated economic success when growth had slowed. But it makes sense when considered through the lens of “goal-shifting” – an act that goes beyond the positive spin governments put on their country’s economic performance.

Goal-shifting is a form of political gaslighting, in which an established goal is “shifted” to one that is easier to achieve. This has the result of allowing an unfavorable outcome by the standard of the original goal to be presented as an achievement by the standard of the new goal.

If we take China’s 2024 GDP growth of 4.9 percent as the outcome, it can be viewed unfavorably in comparison with China’s 5.2 percent growth in 2023. However, by shifting the goal to China having higher GDP growth than other developed economies – a feat that was never truly in doubt – China’s 2024 growth rate can be framed as “remarkable” in Chinese media.

It appears the CCP is using its influence and control over the Chinese media to emphasize the economic message of Xi’s address. In doing so, it is gaslighting the Chinese people by shifting China’s economic goals to downplay the struggling economy. At the same time, the CCP is framing the relative strength of Chinese growth compared to other countries as a success of the party’s economic stewardship.

See also  No Evidence Thai Banks Facilitated Myanmar Arms Purchases, Government Says

Since the 1980s, the CCP has relied on the twin pillars of economics and nationalism to uphold the legitimacy of its government. Economically, its legitimacy was upheld by years of high growth, which has lifted more than 800 million people in China out of poverty. But, with growth slowing over the past decade, the CCP has pivoted towards a reliance on nationalism.

The CCP and China’s nationalist movement have a symbiotic relationship. The CCP promotes nationalistic values in schools and supports nationalist projects throughout China such as historical societies, patriotic statues and museums. This gives nationalist groups a vested interest in supporting the CCP.

However, this relationship is detrimental to the CCP in the long term. The CCP cannot constrain nationalist groups without undermining its own nationalist credentials. This has resulted in scenarios where nationalist groups have acted against the CCP’s wishes, including launching cyber attacks both in China and abroad.

The twin-pillar model the CCP has relied on for decades is faltering. In his previous new year address, Xi took the unprecedented step of acknowledging China’s economic struggles. Reluctant to stir nationalist sentiment, the CCP attempted to use the economic pillar by betting on a reversal of economic fortunes in 2024. This reversal failed to materialize.

The CCP has become increasingly insecure, so Xi’s 2025 new year address adjusted the goals for judging China’s economic performance. Meanwhile, the party encouraged reporting that supported Xi’s address, spinning China’s slowing growth and worsening economic woes as a “remarkable” economic achievement.

This article was originally published on The Conversation. Read the original article. 

See also  China's largest banks show wounds from property sector crisis

Address Center Chinas Economy Positive Stage XIs Year
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Intel CEO gives investors a reality check

June 23, 2026

Not ‘My Place to Use My Stage’ to ‘Tell People How to Think or How to Vote’

June 23, 2026

China’s 618 shopping festival growth slows sharply as consumer spending malaise persists

June 23, 2026

Borrowing need will dictate your interest rate

June 23, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

A Dermatologist Loves the Coolibar Travel Beach Hat

June 14, 2023

Michael Block Gets a Hole In One At PGA Championship

May 22, 2023

Broncos’ Kareem Jackson Not Expected to Be Suspended for Violent, Illegal Hits on Receivers

September 18, 2023

The Blurring Lines Between Beauty and Sexual Wellness

October 27, 2023
Don't Miss

Giants Pitchers Who Wrote Bible Verses On Pride Night Hats Won’t Be Disciplined, MLB Commissioner Rob Manfred Says

Sports June 23, 2026

Rob Manfred, the commissioner of Major League Baseball, said to Sen. Josh Hawley (R-MO) that…

Intel CEO gives investors a reality check

June 23, 2026

Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

June 23, 2026

Not ‘My Place to Use My Stage’ to ‘Tell People How to Think or How to Vote’

June 23, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,386)
  • Entertainment (5,257)
  • Finance (3,886)
  • Health (2,326)
  • Lifestyle (1,893)
  • Politics (3,653)
  • Sports (4,617)
  • Tech (2,296)
  • Uncategorized (4)
  • World (5,164)
Our Picks

Riley Gaines Urges Congress to Pass Bill Defining ‘Woman’

May 18, 2023

Federal Judge Halts Biden FTC’s Block On Microsoft Acquisition

July 11, 2023

Chinese automaker BYD to make EVs in Vietnam

May 9, 2023
Popular Posts

Giants Pitchers Who Wrote Bible Verses On Pride Night Hats Won’t Be Disciplined, MLB Commissioner Rob Manfred Says

June 23, 2026

Intel CEO gives investors a reality check

June 23, 2026

Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

June 23, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.