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Xi Jinping Projects Confidence in Chinese Economy Despite Mounting Pressures
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News18•30-09-2026, 22:15
Xi Jinping Projects Confidence in Chinese Economy Despite Mounting Pressures
- •Chinese President Xi Jinping expressed confidence in the nation's economy, highlighting its "strong resilience and vitality" despite pressures.
- •Addressing a reception for China's 77th National Day, Xi noted the economy is shifting towards new growth drivers and higher-quality development.
- •China's GDP growth slowed to 4.3% in Q2, down from 5% in Q1, with household consumption heavily reliant on export growth.
- •Xi called for efforts to achieve economic targets for the year and ensure a strong start to the 15th Five-Year Plan (2026-2030).
- •He also emphasized deepening cross-Strait cooperation while opposing "Taiwan independence" and external interference, and reaffirmed the "One Country, Two Systems" policy for Hong Kong and Macao.
Key Questions Answered
Chinese President Xi Jinping stated that the country's economy demonstrated strong resilience and vitality, forging ahead under pressure while shifting toward new growth drivers and higher-quality development.
China's GDP shrank to 4.3 per cent in the second quarter, which marked the softest quarterly expansion since late 2022 and followed a five per cent expansion in the first quarter.
Xi called for efforts to deepen exchanges and cooperation across the Taiwan Strait while vowing to resolutely fight secessionist forces seeking Taiwan independence, oppose external interference, and promote peaceful national reunification.
