At the Communist Party of China’s sixth plenary session, one of the country’s most important political meetings, senior members approved a resolution reassessing the party’s 100-year history. Under Xi’s leadership, China has “made historic achievements and transformation,” said an official summary from the meeting. The document elevated Xi’s status in history to the same level as Mao Zedong, the founder of the country’s Communist government, and Deng Xiaoping, who ushered in China’s new economic era. (The Logic)

Talking point: The move signals a third five-year term for Xi, a president who has continued to rein in the country’s business and technology sector. China’s regulatory crackdowns have led to an uncertain business environment for companies and investors. Shares in Didi, the ride-sharing company, for example, have fallen more than 40 per cent after Beijing banned the company from signing up new customers amid a data-security investigation. The company is gearing up for a relaunch, according to a Reuters report. “These are pure hearsay with no grounds in facts. Didi is working actively and fully with the cybersecurity review,” Didi spokesperson Zach Herrmann told The Logic.