Xi urges economic resilience and stability in National Day address
Chinese President Xi Jinping projected confidence in the country’s economic path while acknowledging a complex domestic and international environment in his National Day speech. He called for progress on the 2026-30 plan, maintained Beijing’s opposition to Taiwan independence and said China would pursue peaceful foreign relations.
Chinese President Xi Jinping used his National Day address to call for economic resilience, stability and a strong start to the country’s 2026-30 five-year plan while acknowledging a difficult international and domestic environment. Speaking at a state reception in Beijing on Wednesday evening, Xi said China was confident in the future of Chinese-style modernisation. The speech marked the 77th anniversary of the founding of the People’s Republic and followed his state visit to the United States the previous week.
Xi said China’s economy had continued to advance under pressure, with a shift towards new growth drivers and higher-quality development. He called for a balance between reform and opening up, economic growth and national security, and instructed the government to work towards the year’s targets. His comments came as Beijing faces pressure to create jobs, particularly for young people, and to revive investment and consumption.
The government recently acknowledged emerging economic challenges, followed by supportive measures from the central bank and Ministry of Finance, including a subsidy for home-mortgage interest. On Taiwan, Xi reiterated Beijing’s opposition to what it calls Taiwan independence and to outside interference. He also called for peaceful development of cross-strait relations and progress towards national reunification.
Beijing claims Taiwan and has not ruled out using force, while Washington opposes any forced change to the island’s status. Xi pledged continued support for Hong Kong and Macau’s integration into China’s national development. He also said China would maintain an independent foreign policy of peace and seek to provide greater certainty in an unsettled world.
The speech came weeks before the Communist Party’s fifth plenary session, scheduled for October 26-29. Xi and U.S. President Donald Trump are expected to meet again at gatherings in Shenzhen and Miami later this year, while competition in areas including artificial intelligence remains intense.
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