The February 27 issue of the official Party newspaper People's Daily front-paged an article titled "Participating in the transformation of the global economic governance system (参与全球经济治理体系变革)." The article is the fifth in a series that the Communist Party's most authoritative newspaper is running on "grasping the new implications of developing our nation's important strategic opportunities." A few rrelevant excerpts are: Today's world is once again at the "crossroads" of progress: the global governance system is undergoing profound changes and a new international order is being nurtured. As the world's second largest economy, China is fully capable of seizing new opportunities to participate in the transformation of the global economic governance system and play a more important role...; Since the international financial crisis, the trend of "east rising and west falling" and "south rising and north falling" in the global economic landscape has developed in depth.; and Major emerging market countries have taken the lead in economic recovery and developing countries have contributed about 80% of the global economic growth. However, in the global economic governance, it has failed to form a symmetrical right, a matching voice and a reasonable compensation mechanism...

(Comment: Publication of these articles reinforce the suggestion that Xi Jinping is undeterred by the growing domestic opposition and feels he has a firm grip on the Party and government.)