Sat. Feb 24th, 2024

Xi hails a 'resilient' Chinese economy and 'resilient' Chinese economy

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Chinese President Xi Jinping during his speech.

Agence France-Presse

The Chinese economy is “more resilient and more dynamic than before,” President Xi Jinping said in a speech on Sunday of the New Year which was also an opportunity to affirm that China will “surely be reunified”.

The head of state affirmed that during the year 2023, the country had mastered the economic storm, and he welcomed the emergence of industries such as electric vehicles, lithium batteries and solar panels, during his speech broadcast on the official CCTV channel.

For 2024, he called for consolidating and improving the economic recovery and achieving long-term economic stabilization.

The activities of some companies are subject pressure, and some people have difficulties with employment and living conditions, he admitted.

Our goal is both ambitious and very simple. Ultimately, it's about helping people live better lives, he said.

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Female workers make loudspeakers in Fuyang, east China, June 30, 2023. (Photo by Arhives) very expensive management of the COVID-19 crisis, the world's second largest economy struggled to rebound in 2023.

Record unemployment rate among young people , lack of consumer confidence and a lingering debt crisis in the key real estate sector also weighed on growth.

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Manufacturing activity figures, down for the 3rd consecutive time in December according to official data published on Sunday, showed that the difficulties are still significant.

In recent months, Beijing has announced a series of targeted measures as well as a large issuance of sovereign bonds to boost infrastructure spending and revive economic activity, with mixed results so far. x27;here.

Despite some encouraging signs, such as China's better-than-expected 4.9% GDP growth in the third quarter, Beijing is expected to struggling to meet its annual growth target of around 5%, the most modest in years.

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The presidential elections will take place in Taiwan on January 13, 2024. The electoral campaign is in full swing, and the faces of the candidates can be found all over the island. Here, the ruling Democratic Party put a poster on the facade of a building in Taipei. (Archive photo)

Some two weeks before the presidential election in Taiwan, the Chinese leader also declared that China will surely be reunified. p>

All Chinese people on both sides of the Taiwan Strait should be bound by a common goal and share the glory of the rejuvenation of the Chinese nation.

A quote from Chinese President Xi Jinping

During his meeting in mid-November with the President of the United States, Xi Jinping had already deemed the reunification of Taiwan inevitable.

China considers Taiwan as a province that it has not yet managed to reunify with the rest of its territory since the end of the civil war in 1949.

Beijing, which has not given up on conquering the island by force, has exerted strong military and economic pressure on Taiwan since Tsai came to power in 2016 Ing-wen, from the Progressive Democratic Party (DPP) which, according to China, persists in advocating independence.

For Taipei, Beijing has increased military pressure around the island in recent months, in the run-up to the January 13 election.

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Russian President Vladimir Putin traveled to China to meet his counterpart and “dear friend” Xi Jinping as part of the forum of New Silk Roads, last October. (Archive photo)

The last day of the year was also the occasion for an exchange of greetings with his Russian counterpart, Vladimir Putin.

Reflecting on the past year with Mr. Putin, the Chinese president estimated that the material bases of our relationship and public opinion are stronger, according to state channel CCTV.

Facing changes not seen in a century and turbulent regional and international situation, China-Russia relations have maintained healthy and stable development, and made steady progress in the right direction, Xi said.

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