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The economy is resilient, the strong long-term trend has not changed – Xi Jinping

The president of China, Xi Jinping has made some comments on the economy and has rejected unilateral sanctions while speaking via video to the annual Boao Forum for Asia meeting on the south China island of Hainan.

Key comments

The global economic recovery is still fragile, weak.

China will continue providing more vaccines to other countries.

Are needed efforts to stabilize supply chains global.

We should protect ourselves against the spillover effects of some countries’ policies.

Countries should abandon the cold war mentality and avoid confrontation.

We oppose unilateral sanctions.

We oppose “long arm legislation”.

decouplingcutting supply and executing pressure tactics by any country it will not work.

China’s economy is resilientthe strong long-term trend has not changed.

China’s willingness to open its economy will not change.

I call for Asia to be an anchor for world peace, a powerhouse for global growth and a new benchmark for international cooperation.

Source: Fx Street

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