EU and China to sign landmark investment deal Communist Party marks its centenary Anniversaries are a major element in the Chinese political calendar, and the ruling Communist Party will mark its 100th anniversary in 2021. Throughout the year Beijing will be awash with red flags. Chinese anniversaries highlight how the political and the economic worlds are inextricably linked. To mark the anniversary, Party Chairman Xi Jinping, who is also president and head of the military, will seek more state control of the economy. University of Oxford China Centre associate George Magnus told DW that he expects 2021 will see China "embracing pandemic recovery, ensuring macroeconomic stability and happiness as a backdrop for the Chinese Communist Party's centenary."