Chinese President Xi Says Time Is On China's Side
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, delivers an important speech at the New Year gathering held by the National Committee of the Chinese People's Political Consultative Conference CPPCC in Beijing, capital of China, Dec. 31, 2020. © Photographer: Xinhua News Agency/Xinhua News Agency
(Bloomberg) -- President Xi Jinping issued an unusually upbeat assessment about China’s future, noting that “time and the situation” were on the country’s side in a new year marked by domestic turmoil in the U.S.
The Chinese leader told a gathering of provincial and ministerial-level officials Monday that he saw “opportunities in general outweighing challenges,” a marked shift from his sometimes dire-sounding warnings of recent months.
While he repeated an oft-used allusion to the challenges posed by President Donald Trump’s “America First” policies, he expressed new confidence that China would gain in the long run.
“The world is undergoing profound changes unseen in a century, but time and the situation are in our favor,” Xi told the study session at Communist Party School, according to the official Xinhua News Agency.
“This is where our determination and confidence are coming from.”
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Update: China’s Economy Surges, and So Does Its Currency (DNYUZ)
WNU Editor: While the U.S. pursued war for the past two decades, China pursued business. And with much of America's industrial base now in China, coupled with the Americans who pushed for this shift now back in power in Washington, President Xi has every reason to be optimistic.