China’s economy has hit a roadblock, forcing President Xi Jinping into a retreat on the global stage. The once-aggressive approach under Xi has given way to a more cautious tone, as the country grapples with a sluggish economy and growing external pressures.
In the aftermath of the 1989 Tiananmen Square protests, Deng Xiaoping advised the Communist Party to hide your strength and bide your time. This strategy of keeping a low profile while focusing on economic growth served China well for decades. However, under Xi’s leadership, China took on a more assertive stance, leading to increased tensions with the West.
The recent phone call between Xi and President Joe Biden signals a shift in China’s approach. The friendly tone adopted by Xi reflects a recognition of the challenges facing the Chinese economy, from the Evergrande debt crisis to the impact of the pandemic on growth.
Amidst economic uncertainties, Xi seems to be embracing Deng’s advice of caution. The recent dialogue with the US and efforts to ease trade barriers suggest a willingness to negotiate and de-escalate tensions. China’s reliance on Western trade partners and the need for technological advancements further highlight the importance of maintaining diplomatic relations.
While China remains a formidable player on the global stage, it is facing obstacles that require a recalibration of its strategy. The balancing act between asserting power and fostering cooperation will shape China’s future trajectory in the increasingly complex world order. As Xi navigates these challenges, the world watches closely to see how China’s evolving role will impact international relations.
