China's Xi Urges Communist Party to Brace for ‘Long-Term’ Struggle

President Xi Jinping addressed party cadres in Beijing, urging them to prepare for long-term economic and security challenges, including issues related to Hong Kong and Taiwan, which may persist until 2049. Economists, including those from Oxford Economics, Bank of America, and UBS, have revised down China's growth forecasts for 2020, citing a slowdown and the need for more stimulus measures. The revised growth rates are around 5.5% to 5.7%, posing a challenge to Xi's goal of doubling 2010 growth levels by 2020 to achieve a moderately prosperous society.

What did President Xi Jinping emphasize in his speech to party cadres?

• Rapid technological advancements

• Short-term security measures

• Long-term struggles and challenges

• Immediate economic growth

Which regions did President Xi specifically mention as part of China's security challenges?

• Hong Kong and Taiwan

• Shanghai and Beijing

• Tibet and Xinjiang

• Macau and Guangzhou

What is the revised growth forecast for China in 2020 according to UBS?

• 6.5%

• 5.0%

• 5.5%

• 6.0%

What measures have been taken to support China's economy?

• Increased tariffs

• Expansion of military budget

• Tax cuts and interest rate liberalization

• Reduction in public spending

What is President Xi's economic goal for 2020?

• Tripling growth from 2010 levels

• Doubling growth from 2010 levels

• Halving growth from 2010 levels

• Maintaining 2010 growth levels