China will continue to work toward becoming more self-reliant, but don't expect President Xi Jinping to move quickly on Taiwan by force, analysts said.
Their comments follow Xi's speech at the opening of the Chinese communist party's national congress on Sunday.
There was, however, a key standout in Xi's speech, said Dylan Loh, a professor in foreign policy and China expert at Singapore's Nanyang Technological University. Unlike previous speeches, Xi made clear China had to brace itself for growing external challenges, Loh said. In a nearly two-hour speech, Chinese President Xi Jinping outlined his vision for the country for the next five years. The Chinese leader is widely expected to cement his leadership for an unprecedented third term during the week-long meeting."Certainly, Chinese leaders have been taking very careful note of what has been happening in the Ukraine war and what sort of chokehold the west has been able to put on Russia and of course, there is a sense of great power competition between the U.S.
Xi Jinping has made very clear what his intentions are: he wants a private sector that is controllable, that is manageable.To get there, Prasad said Beijing's control of China's private sector would ramp up instead of heading toward the other end of the spectrum, that is, to allow for more market-oriented reforms.
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