China has refused to criticize Russia’s war in Ukraine or even refer to it as an invasion in honor of Moscow, while condemning US-led sanctions against Russia and the West. Accused of provoking Moscow.
“The Ukraine crisis has again raised alarm bells for humanity. Xi was quoted as saying by the official Xinhua news agency that countries would “certainly end up in security difficulties if they put blind faith in their position of power, expand military alliances and seek their own security at the expense of others”.
Xi, who did not propose a solution, was speaking at the opening of a virtual business forum of “BRICS” countries – Brazil, Russia, India, China and South Africa.
In other comments, Xi said imposing sanctions could act as a “boomerang” and “double-edged sword” and that the global community would suffer from “politicization, mechanization and weaponisation” of global economic trends and financial flows.
Xi also said that China will try to mitigate the damage to international supply chains caused by the COVID-19 pandemic, which it has faced with a stringent policy of lockdowns and quarantines despite fewer cases and rising economic costs.
China’s increasingly assertive foreign policy and campaign to dominate global markets have prompted a backlash in the US, Europe and elsewhere, including calls to replace Chinese suppliers and reduce dependence on the Chinese economy.
Xi called on nations to work together on such issues, saying that attempts to “build a small courtyard with high walls” were not in anyone’s interest.
Xi said, “Economic globalization is an objective necessity for the development of productive forces and an irresistible historical trend.”
“Going backwards in history and trying to block other people’s road will only block your own road in the end,” he said.