China celebrates 75 years of Communist Party rule amid economic and security challenges

abcnews.go.com October 1, 2024, 03:00 AM UTC

China is celebrating 75 years of Communist Party rule with minimal festivities, including a flag-raising ceremony at Tiananmen Square. State media focus on economic progress, omitting challenges like a declining birth rate and supply chain disruptions. The country faces ongoing economic struggles, including a property slump affecting various sectors. Recent measures to stimulate the economy include lower interest rates and reduced mortgage down payments. Tensions with neighboring countries over territorial claims and military activities continue. Xi Jinping remains in power without term limits, maintaining strict control over the media and political landscape.


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