The party s Central Organization Department announced the decision at a meeting on Saturday afternoon, the bank said in a statement on its website. | World News
reporter: socialism with chinese characteristics, as it s called here. the party s returning to its self-acclaimed motto of serving the people. led by an increasingly powerful she ji xi jinping. he really wants a disciplined regime, disciplined people dedicated to the party in many ways and in making china strong. reporter: and it means weakening some of the country s biggest tycoons. in recent months, beijing has targeted some of china s most successful companies. imposing harsh regulations and fines on ride-hailing company, dd, and tech giants alibaba and ten cent. it s coincided with restrictions on materialism and the flaunting of luxurious living. president xi s gone a step further calling for a redistribution of wealth to close a widening-income gap. it means that for businesses be much more under the control of the government and the party. it means that the rich are going to be, also, much more under check.
capital markets, as well. reporter: and it spread into china s already heavily patrolled cyberspace from celebrity fan pages to university lgbtq groups. profiles and past posts, deleted. these policies to purify the internet and preserve party control seeming to target any person, company, or group with suspected foreign influence. most especially, from the united states. china is also challenging the u.s. for full control over strategic supplies from electronic chips to solar panels to vaccines. it wants access to these key items, unimpeded by western nations and eventually to become self-sufficient. meantime, some are tapping into china s rising nationalism. winning favor by promoting patriotism, morality, and more than anything else, the communist party ideology. starting with children as young as 6 years old with the recent introduction of a new mandatory academic subject, xi jinping thought. the chinese president already
reporter: the crackdown has also extended to chinese celebrities. those accused of tax evasion or simply being unpatriotic and sometimes even without explanations, not only cancelled but also erased from chinese social media and online streaming platforms. you can t get too high, you can t get too famous, and you can t get too wealthy. reporter: some are calling it a new cultural revolution. harking back to the 60s and 70s when then-communist leader led a movement to purify the party as he put it. but many say an obvious effort to reassert control in a power struggle. it led to brutal crackdowns on free thought, mass imprisonments, and death. though, in today s china, there is no question who is in charge. a comment by xi has massive consequences, nowadays, because the bureaucrats, the party officials today are eager to please him. are eager to follow through on his instructions nowadays. and that s actually found in the
least 3 million doses of china s covid vaccine, along with medicine, food, and winter-weather supplies. chinese leaders have repeatedly said the country will share its covid vaccines with the world, especially lower-income countries. the donations are seen as a way for china to boost its profile and influence as a world leader and it comes as beijing seeks to assert chinese nationalism at home and abroad. for some, this crusade is raising the specter of earlier crackdowns on western influence. cnn s david culver in shanghai with more. reporter: china s ruling communist party having just celebrated its 100th birthday is implementing a series of drastic policies. upending everything from multibillion-dollar businesses to pop culture. and the policy i think wants to remain ahead of the curb.