Xi projects confidence in National Day speech, with rallying call for economic growth

Chinese President Xi Jinping delivered a confident National Day address, emphasizing the country's resolve to overcome challenges and achieve robust economic growth amidst geopolitical complications. The speech, given at a state reception in Beijing, marked the 77th anniversary of the founding of the People's Republic and came weeks after Xi's state visit to the United States.

Xi committed to "unswervingly" implementing the "one country, two systems" principle and better supporting Hong Kong and Macau in their integration into China's broader national development. He also pledged to promote peaceful development across the Taiwan Strait, despite Beijing's view of Taiwan as part of China to be reunited by force if necessary.

Xi reaffirmed China's commitment to an independent foreign policy of peace, aiming to inject greater certainty and positive energy into an uncertain world. The recent warming of US-China ties, evidenced by Xi's state visit and multiple upcoming summits, has provided a strategic window for improved relations. However, competition in key areas such as artificial intelligence remains intense, with China unveiling detailed innovation action plans for the next five years, focusing on areas like AI, life sciences, biotechnology, and controlled nuclear fusion.