Xi Jinping warns that resistance to globalisation, power politics are threatening world order
- Chinese president says Beijing will defend multilateralism, ‘insist on opening up’ and address challenges such as climate change
- Vladimir Putin, meanwhile, slams Washington over its recent trade restrictions on Chinese tech firm Huawei in opening speech at St Petersburg forum
Chinese President Xi Jinping on Friday vowed that Beijing would play its role in defending multilateralism in trade, market opening and addressing global challenges such as climate change.
Speaking at the St Petersburg International Economic Forum, Xi also warned that resistance to globalisation as well as rising hegemonism and power politics was threatening the existing world order.
“Humankind, once again, stands at a crossroads of history, and sustainable development is the golden key that can help to resolve the many issues confronting us today,” Xi said.
Without naming US President Donald Trump – who has an “America First” agenda and has withdrawn the United States from global treaties such as the Paris climate agreement – Xi said China was looking to build “beneficial cooperation on the basis of equality and mutual respect”.
In addition, he said China was willing to share its 5G technology with partners to create more opportunities for developing countries.