Xi urges ruling Communist Party to be adaptable, safeguard advances

BEIJING, July 1:  China's ruling Communist Party must keep pace with changing circumstances while safeguarding the advances it has made, President Xi Jinping said on Wednesday during celebrations for its 105th founding anniversary.

Xi did not identify specific opportunities or risks, but analysts say slower economic growth and demographic decline pose key challenges for the world's second largest economy. Make sense of global markets with the Trading Day newsletter. Sign up here.

In a 40-minute speech at Beijing's Great Hall of the People, China's most powerful leader since Mao Zedong urged party cadres to actively recognise, and adapt to, change, while promoting the party's work.-REUTERS