China’s Xi At Davos : Countries Must Abandon ‘Cold War Mentality,’ Detest Confrontation

Chinese President Xi Jinping on Monday called for countries to move away from a “Cold War mentality,” saying history has repeatedly shown that confrontation only invites disastrous repercussions.

His comments come at a time of simmering tensions between China and the U.S. over Taiwan and as fears escalate over a possible Russian incursion into Ukraine.

“Our world today is far from being tranquil. Rhetorics that stoke hatred and prejudice abound. Acts of containment, suppression or confrontation arising thereof do all harm, not the least good to world peace and security,” he added, according to a translation.

“History has proved time and again that confrontation does not solve problems. It only invites catastrophic consequences. Protectionism and unilateralism can protect no one. They ultimately hurt the interests of others as well as one’s own. Even worse are the practices of hegemony and bullying, which run counter to the tide of history.”

Xi said the “right way forward for humanity is peaceful development and win-win cooperation.”

Beijing and Washington’s tense relationship over Taiwan has been identified as a top risk for Asia this year, while one of the region’s top experts has previously warned China’s “disturbing” crackdown on U.S.-listed China stocks could be interpreted as the early stages of a Cold War.

Xi said he was confident of a “streamlined, safe and splendid” Games even as the country continues to implement a “zero-Covid” policy. The event is scheduled to start next month.

The Davos Agenda conference is taking place virtually after the World Economic Forum postponed its in-person annual gathering due to health and safety concerns over Covid-19.

SOURCE: CNBC
IMAGE SOURCE: PIXABAY