Xi says China confident, capable to navigate all kinds of risks, challenges

During a meeting with US President Donald Trump in Busan, South Korea, Chinese President Xi Jinping expressed unwavering confidence in China’s ability to navigate through various economic risks and challenges. The meeting took place on the sidelines of the 32nd APEC Economic Leaders’ Meeting in Gyeongju and during Xi’s state visit to South Korea. Xi likened the Chinese economy to a vast ocean, emphasizing its size, resilience, and promising future. He highlighted that China’s economy grew by 5.2 percent in the first three quarters of the year, with a 4 percent expansion in import and export trade, despite facing both domestic and external difficulties. Xi also mentioned that the 20th Communist Party of China Central Committee, at its fourth plenary session, had adopted recommendations for the economic and social development plan over the next five years. He reiterated China’s commitment to deepening reforms, expanding opening-up, and promoting higher-quality economic growth, aiming for well-rounded human development and common prosperity. Xi emphasized that China’s focus remains on managing its own affairs well and sharing development opportunities with the world, rather than challenging or supplanting any other country. He expressed optimism that these efforts would expand the space for cooperation between China and the United States.