A key element of the campaign is also to prevent bureau

cratism and practicing formalism for formalism’s sake and to guide Party me

mbers to keep the Party’s commitments in mind, it added.The global eco

nomy is undergoing very large structural shifts, driven by three mega-trends. One is the digital transformation of th

e foundations on which economies are built and run. Another is the growing purchasing power and economic strength of e

merging economies, China in particular. And third, there are broad-based political economy trends, which inclu

de rising nationalism, various forms of populism, political and social polarization, and a possible breakdown of the

multilateral framework within which the global economy has functioned since the end of World War II.

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