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Considering Taiwan as an integral component of its territory, China claims the self-governing island of Taiwan as a component of its mainland and promotes the “One China” policy. During his third five-year term, President Xi Jinping has accelerated efforts to reunify Taiwan with China, making it a key military and diplomatic precedent in recent years.
On the foreign policy front, Xi reiterated China’s commitment to promoting reforms in global governance and contributing to world peace and stability. He said, “In a world of both change and turmoil, China, as a responsible major nation, is actively advancing global governance reforms and strengthening solidarity and cooperation among the Global South.”
In his New Year’s message, Xi said one of his government’s main goals is to reassure the Chinese public about the state of the economy, which has slowed particularly after the COVID-19 crisis. This recession led to the collapse of the lucrative real estate sector and widespread business closures across the country, leading to job losses for many people.
Xi said China’s economy had improved. He expressed optimism that by 2024, gross domestic product (GDP) is expected to exceed 130 trillion yuan (about 18. 08 trillion U. S. dollars). He stressed that cereal production has exceeded 700 million tons.
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