Ian Bremmer's Quick Take:

Hi everybody. Ian Bremmer here. Happy Monday. Starting to bake in New York City in the summertime, but glad for it, given the alternatives.

And I thought I would talk a little bit about the 100th anniversary of the Chinese Communist Party. Big speech coming up from President Xi Jinping, a big historic plenary for the party. Already, a big meeting by Xi and a number of the senior leaders just a week ago at the new Museum of the Communist Party of China in Beijing, reaffirmation of loyalty oaths to the party. At a time when Communist party membership, which had been flattening over previous years, is now growing in a robust way. Again, you've got almost a 100 million members of the Communist party across China and it's hard to get in. Only about 10% of applicants actually are accepted. It is increasingly seen as a way to be successful in core state-owned enterprises, opportunity, political access, economic access, you name it. If you're a young elite and you want to make a difference in China, having a party membership card and being seen to be loyal and having behaviors that are befitting a Communist party member are increasingly important.