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

Christians Living In Wealthy Florida Community Distrust Their New Neighbor Russell Brand

June 2, 2026

Former MMA’er Josh Longood Restrains Man After He Allegedly Assaults Flight Attendant, Attempts To Open Emergency Exit

June 2, 2026

Meta’s Support Chatbot Helped Hijack High-Profile Instagram Accounts Including Obama White House

June 2, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Tuesday, June 2
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Todd Blanche Says Trump Administration Is Ditching Weaponization Fund

    June 2, 2026

    Trump To Attend Second White House Press Corps Dinner After Assassination Attempt

    June 2, 2026

    Trump Doubles Down On Endorsing ‘Jerk’ Senator Despite Vowing To Never Back Him

    June 2, 2026

    Trump’s Ballroom Is Dead, And His Battleships Might Be Sunk

    June 2, 2026

    Jill Biden Admits Doctors Checked On Joe After Disastrous Debate

    June 2, 2026
  • Health

    Targeted Drug Shrinks Tumors In Hard-To-Treat Cancer

    June 2, 2026

    She Wasn’t Due For Her Colonoscopy. A Blood Test Found Cancer Anyway

    June 2, 2026

    Trump’s Most Favored Nation Drug Pricing Has Bold Aims, But Limited Impact

    June 2, 2026

    Ebola vaccine, Medicaid work requirements: Morning Rounds

    June 2, 2026

    How Hypnozan Quietly Became Britain’s Go-To Natural Sleep Aid

    June 2, 2026
  • World

    Ukraine Hits Russian Energy Targets, But Denies Striking Nuclear Plant

    June 2, 2026

    Singer Dua Lipa Ties Knot With Actor Callum Turner

    June 2, 2026

    Farage Vows £300m Increase for Police Taskforce Against Grooming Gangs

    June 2, 2026

    NC Police Officer Charged After Beating Caught On Camera

    June 2, 2026

    Bosnia Overwhelmed as Migrant Arrivals Jump 70 Percent in 2026

    June 2, 2026
  • Business

    First Quarter GDP Revised Downward As Voters Fret Over Economy

    May 28, 2026

    Cash Drain On Americans’ Savings Accounts Nears Great Recession Levels

    May 28, 2026

    US Voters’ Confidence In Economy Nosedives To Nearly 4-Year Low

    May 22, 2026

    Elon Musk On Track To Be World’s First Trillionaire After Latest Move

    May 21, 2026

    Major Cruise Lines Are On The Hook After SCOTUS Rules They Illegally Used Cuban Port Seized Under Castro

    May 21, 2026
  • Finance

    Best Wells Fargo credit cards for June 2026

    June 2, 2026

    Markets in ‘greed’ mode as AI firms ready IPOs

    June 2, 2026

    Why India Cannot Let the Rupee Float

    June 2, 2026

    Voyager Technologies to acquire Astrobotic Technology in up to $300M deal, expanding lunar ambitions

    June 2, 2026

    Donaldson (DCI) Q3 2026 Earnings Transcript

    June 2, 2026
  • Tech

    Meta’s Support Chatbot Helped Hijack High-Profile Instagram Accounts Including Obama White House

    June 2, 2026

    Luddites Weep as Scorsese and Spielberg Embrace AI

    June 2, 2026

    Anthropic Files Papers for Potential $1 Trillion AI IPO

    June 2, 2026

    Exclusive — PragerU Strikes Back After Big Tech and SPLC Attempt to Destroy Them

    June 2, 2026

    Data Breach Leaked Information of Nearly Six Million Customers

    June 2, 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  Philippines ‘Suspends’ Its Sovereign Investment Fund

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  Wall Street Was Sleeping on the "Bits-to-Atoms" Trade. This Growth Stock Could Profit.

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  Mark Cuban Claims Kamala Harris Is ‘Going Center’ With Tax Proposals

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

Related Posts

Best Wells Fargo credit cards for June 2026

June 2, 2026

Markets in ‘greed’ mode as AI firms ready IPOs

June 2, 2026

Why India Cannot Let the Rupee Float

June 2, 2026

‘You Deserve All 12 Months of the Year’

June 2, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Study demonstrates adding complex component of milk to infant formula confers long-term cognitive benefits

August 31, 2023

MAGA Rep. Marjorie Taylor Greene Was Expelled From the Conservative House Freedom Caucus

July 8, 2023

Bus En Route to US Carrying Dozens of Venezuelan Illegal Aliens Overturns in Mexico, Killing 18, Injuring 27 | The Gateway Pundit

October 6, 2023

Trumpworld Abuzz About Potential VP Pick — And The Qualities Trump’s Looking For

April 17, 2023
Don't Miss

Christians Living In Wealthy Florida Community Distrust Their New Neighbor Russell Brand

Entertainment June 2, 2026

Christians living in a wealthy part of Florida’s conservative Panhandle secretly distrust their new neighbor,…

Former MMA’er Josh Longood Restrains Man After He Allegedly Assaults Flight Attendant, Attempts To Open Emergency Exit

June 2, 2026

Meta’s Support Chatbot Helped Hijack High-Profile Instagram Accounts Including Obama White House

June 2, 2026

NBA Star Stephen Curry Signs Endorsement Deal with Chinese Company

June 2, 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 (4,371)
  • Entertainment (4,857)
  • Finance (3,626)
  • Health (2,184)
  • Lifestyle (1,890)
  • Politics (3,422)
  • Sports (4,370)
  • Tech (2,200)
  • Uncategorized (4)
  • World (4,694)
Our Picks

Jack Smith Seeks Protective Order to Avoid Trial Delay in Trump Classified Docs Case | The Gateway Pundit | by Cristina Laila

July 17, 2023

“We have seen the home team win the last three 50-over World Cups”

August 11, 2023

Statute Of Limitations In Personal Injury Cases

September 24, 2024
Popular Posts

Christians Living In Wealthy Florida Community Distrust Their New Neighbor Russell Brand

June 2, 2026

Former MMA’er Josh Longood Restrains Man After He Allegedly Assaults Flight Attendant, Attempts To Open Emergency Exit

June 2, 2026

Meta’s Support Chatbot Helped Hijack High-Profile Instagram Accounts Including Obama White House

June 2, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

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