Addressing a gathering marking the 105th anniversary of the Communist Party of China, Chinese leader Xi Jinping described the Party's century-long journey as the "most magnificent epic" of the nation. He called on the Party to continue advancing toward its goal of building China into a modern socialist country on schedule. How should we assess the Party's achievements and governing logic over the past 105 years? And as China moves closer to its long-term modernization objectives, what challenges may lie ahead?