While attending the opening ceremony of the Hong Kong Zhuhai Macau Bridge on Tuesday the Chinese President Xi Jinping said that China will never seek Hegemony as the country’s economic growth is concerned. During the conference, he repeated China’s commitment to a multilateral trading system and further opening of its economy. The President said that China’s expanding footprint worldwide from Asia-Pacific to Africa and beyond through a broad network of infrastructure projects called the Belt and Road Initiative has led some nations to raise the alarm over what they call China’s long arm of influence, which has been criticized for being political as well as economic.
In a speech, the Chinese president said that “China’s development does not pose a threat to any country, No matter how far China develops, it will never seek hegemony.”
He also gave the special credit to the former leader Deng Xiaoping for saving China from the brink of economic collapse.
During the ceremony, 100 individuals were also recognized as pioneers of reforms. The pioneers include NBA player Yao Ming, Alibaba founder Jack Ma and Nobel prizewinning scientist Tu You you. They received their medals to the tune of “Story of Spring,” a patriotic ballad paying tribute to Deng.
The President said that push to dominate the high-tech industry by 2025 is a sore point with Washington and a contributing factor in trade tensions that have seen the world’s two largest economies hike billions of dollars in punitive tariffs on each other’s products this year.
The movement made global stock market’s President Donald Trump agreed on 1st December to postpone more U.S. tariff hikes on Chinese imports for 90 days while the two sides negotiate over American complaints about Beijing’s technology policy.