People watch a large screen showing a live broadcast of Chinese president Xi Jinping waving during the military parade for the 70th anniversary of the People’s Republic of China in Shanghai, China. (Photographer: Qilai Shen/Bloomberg)
(Bloomberg Businessweek) -- Ever since Mao Zedong triumphed in 1949, prompting his Nationalist enemies to flee to Taiwan, Communist Party leaders have bolstered their legitimacy to rule by taming rebellious corners of China’s vast periphery.