China’s Xi Jinping rails against ‘cold war mentality’ and US hegemony in call for global cooperation
- In a thinly-veiled rebuke of the US, President Xi Jinping said ‘hegemonism and power politics will only breach global peace’
- Xi emphasised the resilience of China’s economy, saying the country ‘offers powerful momentum’ for pandemic recovery
President Xi Jinping has sent a strong message to Washington and its allies that China will firmly oppose decoupling, while its economy can play a lead role in global recovery as the world stands at a crossroads between the coronavirus pandemic, trade conflicts and war in Ukraine.
In a speech on Thursday, Xi called for stronger macro coordination between major economies to prevent “severe and negative” spillover effects from policy decisions and to help stabilise the global supply chain.
Xi also proposed a Chinese-led global security initiative based on the United Nations framework, renounced unilateral action and confrontation and promoted non-interference and respect for sovereignty and territorial integrity.
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“The facts have proven again that a cold war mentality, hegemonism and power politics will only breach global peace,” he told hundreds of delegates at the opening of the Boao Forum for Asia, a China-led equivalent to the Davos Forum, via a video link.