It's not just about this latest speech. It's a series of patterns. His visit to San Francisco was pointless.
Why appease a country that spends $500 million on propaganda against you?
You're delusional, you might say his meeting with Biden was pointless, but his trip to San Francisco was absolutely a power move. He didn't appease any country, he performed face to face diplomacy with the real elites in US.
1) Everyone in US saw a clean, orderly SF, this hasn't happened in many years, shows how powerful Xi/China is.
CA governor Newsom admitted to it multiple times. Xi literally made SF great again.
Remember that guy who crashed car in Chinese consulate in SF right before Xi's visit, he was executed on the spot. Not that American police aren't violent, but he had to be killed, for many reasons.
2) The second highlight of Xi's visit is the 2023 gala award dinner hosted by the same National Committee on U.S.-China Relations.
A lot of big names showed up, you don't see Biden getting applauded in a room with this many top execs. These people have real power in the US, Xi went there personally to assure them China doesn't want to make an enemy with the US. Biden is just a senile puppet, meeting with him is mostly photo-ops.
3) Xi visited the US for APEC, not for meeting with Biden, it is just customs. Check out Xi's entourage and his supporters. When is the last time you saw so many red flags in US? Probably never.
Like I said. If he's bluffing, then its fine. But as long as Taiwan isn't reunified and US isn't shown its place. China and US can never be friends.
There is a difference between not being friends and enemies. Xi still has to reassure the US elites that China doesn't view and treat them as enemies.