While addressing the opening ceremony of the BRICS Business Forum, President Xi Jinping has urged the delegates to keep abreast of the current trends and thus shape a bright future for humanity.
\n\u201cI am glad to attend the BRICS Business Forum, and I wish to extend a warm welcome to all of you,\u201d said President Xi adding, right now, our world is facing drastic changes and a pandemic both unseen in a century.
\nVarious security challenges keep emerging, he said and added that the world economy still faced strong headwinds on its path toward recovery, and global development has suffered major setbacks. Where is the world headed: Peace or War? Progress or regression? Openness or Isolation? Cooperation or Confrontation? These are choices of the times that we are confronted with.
\nFollowing is an extract of the President\u2019s address: \u201cHuman history, like a river, keeps surging forward, with moments of both calm waters and huge waves. Despite changes in an evolving global environment, the historical trend of openness and development will not reverse course, and our shared desire to meet challenges together through cooperation will remain as strong as ever. We should stand high and not allow ourselves to be distracted by fleeting clouds, and we should have a keen appreciation of the law governing the advance of history. We should refuse to be led astray by any turn of events or intimidated by any risk. We should rise to challenge and forge ahead with resolve toward the goal of building a community with a shared future for mankind.
\nFirst, we should embrace solidarity and coordination and jointly maintain world peace and stability. We in China believe that \u201chistory, if not forgotten, can serve as a guide for the future\u201d. In the past century, humanity have gone through the scourge of two world wars and the dark shadow of the Cold War. The tragedies of the past tell us that hegemony, group politics and bloc confrontation bring no peace or security; they only lead to wars and conflicts. The Ukraine crisis is another wake-up call for all in the world. It reminds us that blind faith in the so-called \u201cposition of strength\u201d and attempts to expand military alliances and seek one\u2019s own security at the expense of others will only land oneself in a security dilemma.
\nHistory tells us that peace, which is the common cause of humanity, should be pursued and defended by all. Only when we all cherish and uphold peace and never forget the painful lessons of war can there be hope of peace. Facing a volatile and unstable world, we should stay true to the pledge of the UN Charter and fulfill the mission of maintaining peace. Not long ago, I put forward the Global Security Initiative, calling on all countries to stay committed to the vision of common, comprehensive, cooperative and sustainable security; stay committed to respecting the sovereignty and territorial integrity of all countries; stay committed to abiding by the purposes and principles of the UN Charter; stay committed to taking the legitimate security concerns of all countries seriously; stay committed to peacefully resolving differences and disputes between countries through dialogue and consultation; and stay committed to maintaining security in both traditional and non-traditional domains. We in the international community should reject zero-sum games and jointly oppose hegemonism and power politics. We should build a new type of international relations based on mutual respect, fairness, justice and win-win cooperation. We should be clear that we are a community in which all countries share a common stake, and we should see that the light of peace will reach all corners of the world.
\nSecond, we should reach out to each other and jointly promote sustainable global development. Development holds the key to solving various difficult problems and delivering better lives to the people. Today, the global development process has hit major roadblocks, the momentum of international development cooperation is being weakened, and development gap between the North and the South keeps widening. As a result, the global efforts to implement the UN\u2019s 2030 Agenda for Sustainable Development have suffered major setbacks. Almost 1.2 billion people in nearly 70 countries are confronted with COVID-19, food, energy and debt crises. What has been achieved in decades of global poverty reduction efforts could be lost.
\nLast year, I put forward the Global Development Initiative, and I called on all countries to implement the 2030 Agenda for Sustainable Development, forge united, equal, balanced and inclusive global development partnership, and promote cooperation in a wide range of areas such as poverty reduction, public health, education, digital connectivity and industrialization. We should deepen cooperation to better safeguard food and energy security. We should seize opportunities presented by the new scientific and technological revolution and industrial transformation, and promote the flow of factors of production that enable innovation globally. We should help developing countries speed up development of the digital economy and green transformation. We should also engage in cooperation on COVID-19 response and provide more anti-COVID medicines to developing countries so as to beat the virus at an early date.
\nIn two days, China will host the High-level Dialogue on Global Development to discuss ways to promote global development. We should respond to people\u2019s concerns, pursue the larger interests of all countries, and steer global development to a new era to deliver benefit to all.
\nThird, we should tide over difficulties together and jointly pursue win-win cooperation. At present, some important industrial and supply chains are suffering from deliberate disruptions, commodity prices remain high and are fluctuating, global inflation keeps rising, the international financial market is in turmoil, and global economic recovery is losing steam. People have reason to be concerned that the world economy might slip into a crisis.
\nAt this critical juncture, tiding over difficulties together and pursuing cooperation is the only way for us to forestall an economic crisis. We should come together with a united purpose and strengthen macroeconomic policy coordination to prevent the slowdown and even halt of the global recovery. Major developed countries should adopt responsible economic policies and avoid negative policy spillovers that may take a heavy toll on developing countries. It has been proved time and again that sanctions are a boomerang and a double-edged sword. To politicize the global economy and turn it into one\u2019s tool or weapon, and willfully impose sanctions by using one\u2019s primary position in the international financial and monetary systems will only end up hurting one\u2019s own interests as well as those of others, and inflict suffering on everyone.
\nFourth, we should be inclusive and jointly expand openness and integration. The rapid economic globalization that we have seen since the end of the Cold War has greatly boosted the movement of goods and capital and advances in technology and civilization. A more open and inclusive world will create greater development opportunities for all and deliver a more prosperous future for all.
\nFor some time, however, economic globalization has faced headwinds and countercurrents. Some countries attempt to decouple with others, sever supply chains and build \u201ca small yard with high fences\u201d. There is widespread concern in the international community that should such a tendency continue, the global economy will become compartmentalized and mutually exclusive. Economic globalization is a response to development of productivity and, as such, represents an unstoppable historical trend. Anyone who attempts to turn back the wheel of history and block others\u2019 way will only have his own path blocked.
\nAs an ancient Chinese saying goes, \u201cConstant piling up of earth makes Mount Tai great; ceaseless inflow of rivers makes the ocean deep.\u201d Inclusiveness, shared benefits and win-win outcomes is what we should pursue. We should stay committed to openness and inclusiveness, eliminate all barriers to the development of productivity, and steer globalization in the right direction. This will boost the free flow of capital and technology, unleash the full potential of innovation and creativity, and foster synergy in boosting global economic growth. We should uphold the WTO-centered multilateral trading system, remove barriers to trade, investment and technology, and keep the global economy open. We should promote extensive consultation and joint contribution to deliver shared benefits, enhance global economic governance, and increase the representation and say of emerging markets and developing countries. This will ensure that all countries enjoy equal rights, follow the rules as equals, and share equal opportunities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
While addressing the opening ceremony of the BRICS Business Forum, President Xi Jinping has urged the delegates to keep abreast of the current trends and thus shape a bright future for humanity. \u201cI am glad to attend the BRICS Business Forum, and I wish to extend a warm welcome to all of you,\u201d said President […]<\/p>\n","protected":false},"author":2,"featured_media":267906,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[8935,3808,8934],"class_list":{"0":"post-267897","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-brighter-future","9":"tag-president-xi-jinping","10":"tag-trends"},"yoast_head":"\n