Economic

China celebrates Mao’s birthday, but events scaled back

“China celebrated the 120th birthday of Mao Zedong, the founder of modern China, on Thursday, but with scaled-back festivities as President Xi Jinping embarks on broad economic reforms which have unsettled leftists. Mao has become a potent symbol for leftists within the ruling Communist Party who feel that three decades of market-based reform have gone too far, creating social inequalities like a yawning rich-poor gap and pervasive corruption.”

Source: China celebrates Mao’s birthday, but events scaled back | Reuters

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