In a speech at the end of the annual meeting of the People’s Congress of China, President Xi Jinping announced a massive increase in national defense spending in addition to further strengthening the economy. Given the rising tensions with the US and the West, the Chinese head of state and party leader wants to expand the army into a “great steel wall”.
After the end of the zero-Covid policy with lockdowns and enforced quarantine in December, the second largest economy is expected to grow again at “around five percent”. In the uncertain times, Xi called for stability to be maintained. “Security is the basis for development and stability is the precondition for prosperity,” said the president. In his speech, he advocated promoting innovation and “scientific and technological autonomy”, but did not address US sanctions on key technologies. “We should strive to effectively improve the quality of the economy and achieve reasonable quantitative growth.”
Prime Minister: China and US must work together
In view of strained relations with the US, the new Prime Minister Li Qiang struck a rather conciliatory note and called for greater cooperation. Disconnection serves no one. The two largest economies are closely linked, benefiting both. “China and the US can and should work together.” He only indirectly addressed Xi’s accusation that the US wanted to prevent China’s rise in the world through containment and isolation: “Encirclement and oppression is in no one’s interest.”
Softer tone towards Taiwan
Xi also showed restraint in the Taiwan conflict. In his speech he called for a “reunion”. Relationships should be developed “peacefully”. However, “external interference” and “splitting activities” by pro-independence forces must be firmly rejected. The unification process must continue “unwaveringly”. However, Xi did not repeat earlier statements that Beijing would not rule out military force if other efforts fail.
Tensions around Taiwan had recently increased. The communist leadership considers the democratic island republic to be part of the People’s Republic. But Taiwan has long considered itself independent. After Russia’s invasion of Ukraine, international concern has grown that China might take similar measures against Taiwan. In this case, the US would also be drawn into the conflict because it is committed to Taiwan’s ability to defend itself.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
