Chinese President Xi Jinping has warned that a global confrontation between the major powers is likely to have “catastrophic consequences” during a speech at the World Economic Forum in Davos, which is being held online because of the pandemic.
In 2017, the Chinese leader had caused a stir in Davos when he defended free trade and globalization, at the time of Donald Trump’s US presidency, and fears that the event had sparked a revival of protectionism.
Today, Xi re-emerged as a proponent of multilateralism in international relations and warned of tensions on the international stage.
“History has repeatedly shown that conflict does not solve problems, it only leads to catastrophic results,” Xi said, according to an official transcript.
The Chinese leader did not mention the United States, China’s big rival.
“Our world today is far from calm. Rhetoric that fuels hatred and prejudice abounds,” he said, without elaborating on what he meant.
China, the world’s largest trading power, is launching new regional free trade agreements and launching “new Silk Roads” across Eurasia.
However, it is accused by the European Union and the USA, its two main partners, of resorting to dumping, the implementation of protectionist measures that burden imported products and restrict access to foreign companies.
Source: ΑΠΕ-ΜΠΕ
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Source From: Capital
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