BEIJING, December 22. /TASS/. Establishing Chinese Communist Party (CPC) Secretary General Xi Jinping's core position in the party is crucial for addressing various risks and challenges, the Xinhua news agency said in a report covering "a criticism and self-criticism meeting" of the Political Bureau of the CPC Central Committee.

"Members of the Political Bureau unanimously acknowledged that establishing Comrade Xi Jinping's core position on the Party Central Committee and in the Party as a whole and establishing the guiding role of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era are of decisive significance to addressing various risks and challenges and advancing Chinese modernization," the report reads.

Xi Jinping, who chaired the meeting, delivered "an important speech." The Political Bureau members, who took turns to speak at the event, "were open and frank in examining their conduct in accordance with the regulations of the Political Bureau on upholding and strengthening the centralized, unified leadership of the CPC Central Committee," the report adds.

The meeting’s participants also touched upon "efforts to deepen reform and opening up across the board" and "consolidate the momentum of economic recovery and growth."