Saudi-Pakistan Investment Forum discusses boosting trade and investment partnerships    Crown Prince concludes MEGISummit: We will work seriously to achieve our goals    EXIM Bank signs MoU with Japanese Sumitomo Mitsui Banking Corporation    Saudi Pavilion at EXPO 2020 marks 76th anniversary of UN establishment    Greece premier praises importance of Middle East Green Initiative Summit    Saudi Arabia calls for restraint, de-escalation in Sudan    Riyadh Season hosts Barcelona and Boca Juniors on Maradona Cup night    Monshaat partners with MITEF Saudi & Arab Startup Competition    HSBC CEO — 2021 set to be first trillion-dollar year for green bonds    Riyadh dominates GCC rankings in human capital    All eyes on Jeddah! World's best golfers set for climax of Aramco Team Series    Crown Prince launches series of regional initiatives for climate action at MEGI Summit Ushering in a new green era for Mideast region    WFP's Beasley lauds Saudi Arabia's role in providing aid to millions around the globe    RedSeaIFF announces best short films by emerging Saudi filmmakers 15 shorts make up New Saudi/New Cinema slate    Pakistan hammer India by 10 wickets to clinch T20 win    Michael Jordan's trainers sell for record $1.47m at auction    China postpones Beijing marathon due to Covid surge    US actor James Michael Tyler dies aged 59    Bride's fingerprint not required in revised e-marriage contract    'Easy On Me': Adele returns to UK number one    'Be a Star' — WWE stars fight cyberbullying in Riyadh    Bollywood superstar's son denied bail in drugs case    Saudis, expats mourn death of prominent Filipino preacher in Riyadh    Bollywood actor Sidharth Shukla dies at 40    Custodian of the Two Holy Mosques Directs KSrelief to Urgently Provide Malaysia with Medical, Preventive Equipment and Supplies to Address COVID-19 Pandemic    Custodian of the Two Holy Mosques Congratulates President of Maldives on Independence Day    Weather Forecast for Sunday    RSNF Commander Patronizes Ceremonial Launching of His Majesty's Ship "Jazan"    OIC Condemns Houthi Attempts to Target Civilians in Saudi Arabia    Philippines evacuates thousands as monsoon rains flood cities, provinces    Heavy rain in India triggers floods, landslides; at least 125 dead    U.S. Records 64,321 New Infections of Coronavirus    Without Fans, Tokyo Olympics Kicked Off    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Dr. Mohammed Sulaiman Al-Jasser, Saudi Arabia's Pick to Chair IsDB Group for the next five years, unanimously approved by BoG Committee of Procedures    Saudi Press: Fitch affirms Saudi Credit Rating at "A" with a revised outlook to stable from negative    Handled Cargo at Saudi Ports Increases during June 2021    SDAIA, DARP & STC Launch Pilgrim's Smart Bracelet (NUSK)    2 Goals by Diaz Gives Colombia 3rd Place at Copa America    Saudi Cinema Night at Arab World Institute in Paris Kicks Off    KSU Leads Joint International Scientific Project for Early Detection of Breast Cancer    Saudi Arabia to Participate in Cannes Film Festival 2021    Arab Cup U-17 Championship Draw Saudi Arabia, Morocco, Palestine, Kuwait, in the 1st Group    AWI Hosts Saudi Cinema Nights in Paris    Brazil Beats Chile at Copa America Despite 2nd-Half Red Card    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Stop 'bossing others around,' Chinese president warns US
Published in The Saudi Gazette on 21 - 04 - 2021

Chinese President Xi Jinping has called for global cooperation in the face of a growing anti-China front led by the United States, warning that an "open world economy" is essential to recovering from the pandemic.
"Attempts to erect walls or decouple run counter to the law of economics and market principles," Xi said on Tuesday via video at China's Boao Forum for Asia. "They would hurt others' interests without benefiting oneself."
"We must not let the rules set by one or a few countries be imposed on others, or allow unilateralism pursued by certain countries to set the pace for the whole world," Xi said. "Big countries should behave in a manner befitting their status and with a greater sense of responsibility."
While Xi did not name any country during his speech — top Chinese leaders usually do not name and shame — his remarks seem like a veiled criticism of the United States, which has stepped up pressure on China in recent months.
Last month, the US and its allies condemned Beijing and imposed coordinated sanctions against Chinese officials over the alleged repression of Uyghur Muslims and other ethnic minorities in Xinjiang province. Most of the harsh sanctions the Trump administration imposed on some of China's most prominent technology companies remain in place, and trade tensions continue under the Biden administration.
"Bossing others around or meddling in others' internal affairs would not get one any support," Xi said at the forum, attended by thousands of executives and political leaders.
Some of America's biggest entrepreneurs and investors participated in the event as they try to navigate the tumultuous relationship between the world's top two economies.
Blackstone's (BX) Stephen Schwarzman and Ray Dalio, the billionaire founder of the world's largest hedge fund, took part in a panel on Monday night, according to the organizers. Apple (AAPL) CEO Tim Cook and Tesla (TSLA) CEO Elon Musk are also expected to attend.
Xi repeated previous promises to make it easier for foreign companies to invest in China.
"Openness is essential for development and progress. It also holds the key to post-COVID-19 economic recovery," he said.
In his speech, Xi announced steps to reinforce cooperation with China's neighboring countries, including plans for a second Conference on Dialogue of Asian Civilizations (CDAC).
The first CDAC, which took place in Beijing in 2019, was attended by representatives from more than 40 Asian countries.
China has also recently made moves to get closer to Russia and Iran. Last month, the foreign ministers of China and Russia pledged to strengthen a "comprehensive strategic partnership." The two countries also proposed to establish a regional dialogue to address security concerns in their regions. Separately, China signed an economic and security partnership with Iran last month for the next 25 years.
"The COVID-19 pandemic has made it all the more clear to people around the world that we must reject the cold-war and zero-sum mentality and oppose a new 'Cold War' and ideological confrontation in whatever forms," Xi said.
Xi also called for global cooperation to address climate change and "do more to implement the Paris Agreement." He attended a video summit with German and French leaders on Monday and promised China will strengthen cooperation with the two European countries on climate issues.
But it's not clear yet whether he will attend President Biden's climate summit on Thursday and Friday. China's foreign ministry said Monday that it has received the US invitation, but is still studying the issue.
The International Energy Agency published a report on Tuesday that showed China's burning of coal is a big reason why carbon emissions are set to spike dangerously this year. — Courtesy CNN


Clic here to read the story from its source.