Xi’s Defiant End to 2018 Signals More U.S.-China Tension Ahead

  • President’s speech marks nation’s return to wealth and power
  • Seeks to stay course despite challenges at home and abroad
Chinese President Xi Jinping delivers a speech marking the 40th anniversary of the country’s reform campaign.Source: Bloomberg)
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Anyone betting that Chinese President Xi Jinping would back down quickly in a trade war with Donald Trump better think again.

Xi told a Beijing crowd including some of China’s most influential political, military and business figures on Tuesday that the country’s growing wealth and power had validated the Communist Party’s -- and thus his own -- leadership. “No one is in the position to dictate to the Chinese people what should and should not be done,” Xi said.