Defiant Xi Tells World China Is Ready to Stand Its Ground

December 02, 2022

(Bloomberg) -- President Xi Jinping had a clear message to those who want to thwart China’s rise: You will fail. In a speech running almost two hours on Sunday, Xi let the world know that China wouldn’t change course even as it faces “dangerous storms” in a more hostile world. Market analysts didn’t see much in Xi’s speech that would change that short-term outlook. Xi proclaimed Sunday that “order has been restored” in the former British colony, while calling Taiwan a “matter for the Chinese” to resolve. “The wheels of history are rolling on toward China’s reunification and the rejuvenation of the Chinese nation,” Xi said, referring to Taiwan.