Nearly seventy years after the Korean War, President Xi Jinping cautioned that "blackmailing, blocking and extreme pressure" is a losing strategy in a speech commemorating China's involvement in the Korean War. Although the United States wasn't directly mentioned, many are calling the event a warning for Washington, and a reminder of what many in China view as its victory against the U.S. In the same speech, President Xi vowed to speed up the country's military progress, and quoted Mao Zedong, saying, "Let the world know that 'the people of China are now organized, and are not to be trifled with."
Notably, Xi's speech was given at the same time as the final U.S. presidential debate between President Donald Trump and former Vice President Joseph Biden. During the debate, Trump defended his ownership of a Chinese bank account, after the New York Times reported that Trump International Hotels Management LLC controlled a bank account in China, while Trump attacked Biden for allegedly receiving money from business dealings in China . The United States will choose their next President in less than 2 weeks, and China has set October 26 to 29 as the date for the Fifth Plenum meeting, marking the country's 14th five-year plan. The meeting will convene hundreds of party elites in Beijing and set the framework for China's economic strategy, as well as other top issues, including Covid, the environment, and international tensions. For more, read "China in the 2020 U.S. Presidential Election" by David Shambaugh, Gaston Sigur Professor of Asian Studies, Political Science & International Affairs at George Washington University.
Prepared by China-US Focus editorial teams in Hong Kong and New York, this weekly newsletter offers you snap shots of latest trends and developments emerging from China every week, while adding a dose of historical perspective.