'No challenges can stop China's progress' Xi Jinping says in 75th anniversary speech

BEIJING — Chinese President Xi Jinping said Monday that nary challenges tin extremity nan state from moving guardant and reiterated Beijing's reunification intends alongside Taiwan.

He was speaking astatine a reception commemorating nan 75th day of nan People's Republic of China, that was founded connected Oct.1, 1949.

"The way up intent decidedly spot challenges," Xi said, earlier calling connected nan state to flooded uncertainties and risks. "No challenges tin extremity China's progress."

The comments were translated by CNBC from a Chinese authorities media broadcast.

The little speech, aired during nan authorities broadcaster's regular evening news program, noted that Xi and different apical Chinese leaders entered nan reception soon aft 5 p.m. section long connected Monday.

About 3,000 people, including foreigners, attended nan arena successful Beijing, according to authorities media.

During his speech, Xi emphasized nan request to unify beneath nan Chinese Communist Party's activity and reiterated Beijing's "firm opposition" to Taiwan "separatist" activities, during calling for some sides to summation economical and taste cooperation.

He formed reunification alongside Taiwan arsenic an inevitable improvement of history — thing he has said previously.

Beijing considers nan democratically self-ruled land arsenic a portion of its territory.

Tensions betwixt China and nan U.S. and Europe person accrued complete nan past respective years, alongside Western nations expanding tariffs and restrictions connected Beijing's entree to precocious technology.

Xi did not mention circumstantial countries aliases commerce conflicts successful his Monday speech, alternatively portraying China arsenic upholding globalization. He broadly thanked "friendly" countries and supporters of China's development.

He besides emphasized Beijing's declare to Greater China by saying "national rejuvenation" was nan dream of Hong Kong, Macao, Taiwan and each Chinese peoples.

The Beijing leader added that China could "spur" nan improvement of Hong Kong and Macao — some self-governed regions that are ruled by Beijing beneath nan "one country, 2 systems" principle.

In a 2019 reside commemorating nan PRC's 70th anniversary, Xi had said that no unit could sway China's development, amid festivities involving a subject parade and large-scale celebrations. Events for nan 65th day were much subdued.

Xi's reside comes astatine a long of uptick successful Chinese markets successful caller weeks, alongside awesome mainland Chinese and Hong Kong banal indexes recently surging to their highest successful much than a annum aft authorities announced plans to support economical growth. On Thursday, a high-level gathering led by Xi called for halting nan existent property decline, and for strengthening fiscal and monetary policy.

While nan People's Bank of China has trim rates successful nan past week, nan Ministry of Finance has still to denote further fiscal support.