Xi Jinping Marks 105th CCP Anniversary with Global Influence Focus

On July 1, 2026, Chinese President Xi Jinping delivered a 40-minute speech commemorating the 105th anniversary of the Communist Party of China (CPC). Xi highlighted the CPC's global influence, stating it has significantly changed the world’s development trajectory. He noted that China accounts for approximately 28% of global goods manufacturing. Additionally, China's defense spending will increase by 7%, the slowest rise since 2021, following a budget plan released by the Ministry of Finance. Xi's address reflects ongoing tensions, particularly relating to Taiwan and external influences.