China marks 75 years of Communist Party rule as challenges, threats linger

China is marking the 75th year of Communist Party rule as economic challenges and security threats linger over the massive state.

No festivities have been announced for the occasion on Tuesday, save for a flag-raising ceremony at Tiananmen Square. In recent decades, China has mounted military parades and displays of the country's economic might only at the turn of decades, such as for the 60th and 70th anniversaries.

The world's second largest economy has struggled to regain momentum after COVID-19.

A prolonged property slump led to a spillover effect on other parts of the economy, from construction to sales of home appliances. Last week, China announced a slew of measures to boost the economy, including lower interest rates and smaller down payment requirements for mortgages.

Party leader and head of state Xi Jinping has largely avoided overseas travel since the pandemic, while continuing with his purges at home of top officials considered insufficiently loyal or being suspected o