January 6, 2018
In just a few short days, China has proved that investors who have been underestimating the geopolitical risks stemming from the simmering tensions between the US and China over the latter’s territorial claims in the South China Sea and paranoia over the fate of Taiwan – a de facto independent state that President Xi Jinping is aggressively seeking to bring under the heel of Beijing – have done so at their own peril.
Earlier this week Xi Jinping, the Chinese
emperor for life president provoked an angry rebuke from Taiwan’s pro-independence president when he demanded during a landmark speech earlier this week that Taiwan submit to “reunification” with Beijing.
And as if tensions between China and the international community weren’t already high enough amid a worsening economic slowdown that’s hurting global economic growth and a tenuous trade “truce” with the US, in another speech delivered on Friday during a meeting of top officials from China’s Central Military Commission which he leads, Xi took his belligerent rhetoric one step further by issuing his first military command of 2019: that “all military units must correctly understand major national security and development trends, and strengthen their sense of unexpected hardship, crisis and battle.”
“The world is facing a period of major changes never seen in a century, and China is still in an important period of strategic opportunity for development,” Xi said and added that China’s armed forces must “prepare for a comprehensive military struggle from a new starting point,” Xi said adding that “preparation for war and combat must be deepened to ensure an efficient response in times of emergency.”
Xi’s order prioritizes training with a focus on combat readiness, drills, troop inspections and resistance exercises.
It applies to all units of the PLA, including…