China’s transition of power is complete, and new President Xi Jinping is indicating that good relations and good business is going to take precedence in his decade at the helm.
China’s state run news agency Xinhua quoted Xi's speech at the close of the National Peoples Congress, saying, “We must make persistent efforts, press ahead with indomitable will, continue to push forward the great cause of socialism with Chinese characteristics, and strive to achieve the Chinese dream of great rejuvenation of the Chinese nation.”
Later, the new Premier Li Keqiang said common interests between the U.S and China far outweigh the differences, he said, and stressed the need to maintain friendly ties.
That could be taken as reassuring, as China’s economic expansion has accompanied by aggressive military moves in the South China Sea near the Philippines, and the dispute with Japan over islands near Okinawa that Beijing calls “Diaoyu” and Tokyo calls “Senkaku”.
China is also hoped to be a moderating influence on North Korea, which has stepped up its belligerence after exploding a nuclear weapon in a test near the Chinese border.