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China will ‘never seek hegemony,’ Xi says in reform speech

China will ‘never seek hegemony,’ Xi says in reform speech

23 Sept 05:39 Key points summarised by AI
  • President Xi Jinping affirmed China's commitment to never pursuing hegemony, despite its expanding global economic influence and the Belt and Road Initiative, during a speech marking 40 years of market reforms.
  • Xi reiterated China's dedication to a multilateral trading system and further economic opening but offered no new initiatives to address a slowing economy or ongoing trade frictions with the United States.
  • The speech emphasized the absolute rule of the Communist Party and Chinese sovereignty, with Xi stating that no country could dictate China's path, while also praising former leader Deng Xiaoping's role in the initial reforms.
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