This is the 427th most frequent Danish word.
partiets
"Partiets" means "the party's" (possessive form of "party").
Here 'partiets' acts as a possessive noun, indicating ownership to 'partiet' (the political party). It translates to 'the party's'.
Partiets synspunkter på emnet er tydelige.
The party's views on the subject are clear.
In this sentence, 'partiets' again shows possession, clarifying that the support for the bill is attributed to the party.
Ledelsen anerkendte partiets støtte til lovforslaget.
The leadership acknowledged the party's support for the bill.
'Partiets' in this case denotes a relationship of belonging, tying the future being discussed specifically to the party.