The Chinese Communist Party (CCP) on Thursday approved a resolution that is set to consolidate President Xi Jinping's authority and cement his status as one of the most important leaders in Chinese history .

The resolution can also pave the way to a likely third presidential term next year. Experts believe that the resolution indicates a turning point for the CCP, giving Xi greater control over the narrative of its history.

It also puts Xi on a pedestal similar to CCP heroes like Mao Zedong and Deng Xiaoping, the only other two leaders who have convened a resolution on the party's history. On Friday, the CCP held a press conference to further elaborate on the details of the resolution, following four days of closed-door talks.

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