Xi Hails China's Tech Prowess, Economic Might in Confident New Year Message

• President Xi Jinping highlighted China's significant advancements in AI and the chip industry during his New Year's speech.
• He emphasized innovation, high-quality economic development, and rising national strength, citing achievements like large AI models, humanoid robots, and the Fujian aircraft carrier.
• China's GDP is projected to reach 140 trillion yuan ($20 trillion) by 2025, overcoming challenges like US chip curbs and trade wars.
• Xi reaffirmed the anti-corruption campaign and China's stance on Taiwan, stating reunification is "unstoppable."
• Despite the upbeat tone, the article notes underlying economic vulnerabilities including fragile consumer spending and property sector issues.

Why It Matters: Xi's confident New Year speech showcased China's tech and economic triumphs, yet acknowledged domestic challenges.