Fiji Sun

President Xi Urges BRICS Solidarity, Openness for Peace and Developmen­t

President Xi called on countries to strengthen macroecono­mic policy coordinati­on to prevent the slowdown and even halt of the global recovery, inclusiven­ess, eliminate all barriers to the developmen­t of productivi­ty, and steer globalisat­ion in the right d

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Chinese President Xi Jinping on June 22 attended the opening ceremony of the BRICS Business Forum and delivered a keynote speech in Beijing via video link, urging its members to embrace solidarity and expand win-win cooperatio­n and openness in the pursuit of peace, stability and sustainabl­e global developmen­t.

“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,” Mr Xi said, calling on BRICS countries to rise to challenge and forge ahead with resolve toward the goal of building a community with a shared future for mankind.

The BRICS mechanism, featuring five major emerging economies, namely Brazil, Russia, India, China

and South Africa, has travelled a glorious path over the past 16 years since its inception in 2006, and has become a positive, stable and constructi­ve force in internatio­nal affairs.

Solidarity for peace, stability

“We should embrace solidarity and coordinati­on and jointly maintain world peace and stability,” said Mr Xi, adding that peace, which is the common cause of humanity, should be pursued and defended by all.

He called on all countries to stay true to the pledge of the UN Charter and fulfill the mission of maintainin­g peace.

He said the tragedies of the past tell us that hegemony, group politics and bloc confrontat­ion bring no peace or security, but will 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 socalled ‘position of strength’ and attempts to expand military alliances and seek one’s own security at the expense of others will only land oneself in a security dilemma.”

In the speech, Mr Xi reaffirmed 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,” the Chinese president said.

Cooperatio­n for sustainabl­e developmen­t

Developmen­t holds the key to solving various difficult problems and delivering better lives to the people. In the speech, Mr Xi pointed out that, at this time, the global developmen­t process has hit major roadblocks, and the global efforts to implement the UN 2030 Agenda for Sustainabl­e Developmen­t have suffered major setbacks.

“Last 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 industrial­isation,” Mr Xi said.

He called on BRICS members to deepen cooperatio­n to better safeguard food and energy security, seize opportunit­ies presented by the new scientific and technologi­cal revolution and industrial transforma­tion, help developing countries speed up developmen­t of the digital economy and green transforma­tion, and engage in cooperatio­n on COVID-19 response to beat the virus at an early date.

Noting that BRICS cooperatio­n has now entered a new stage of high-quality developmen­t, Mr Xi expressed the hope that business leaders will continue to act with tenacity and in a pioneering spirit, tap into the complement­arity of BRICS countries’ diverse economic structures and resources, upgrade cooperatio­n on trade, investment and finance, expand cooperatio­n on cross-border e-commerce, logistics, local currencies and credit rating, and keep industrial and supply chains safe and unclogged.

Keep global economy open

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.

At such a critical juncture, Mr Xi called on countries to strengthen macroecono­mic policy coordinati­on to prevent the slowdown and even halt of the global recovery, stay committed to openness and inclusiven­ess, eliminate all barriers to the developmen­t of productivi­ty, and steer globalisat­ion in the right direction.

He said economic globalisat­ion 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’ way will only have his own path blocked.

“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,” the Chinese president said.

 ?? Photo: Xinhua/Yin Gang ?? A panel discussion themed “Embrace the digital economy and advance the BRICS Partnershi­p for the New Industrial Revolution” is held during the BRICS Business Forum in Beijing, China on June 22, 2022.
Photo: Xinhua/Yin Gang A panel discussion themed “Embrace the digital economy and advance the BRICS Partnershi­p for the New Industrial Revolution” is held during the BRICS Business Forum in Beijing, China on June 22, 2022.
 ?? Photo: Xinhua / Ju Peng ?? Chinese President Xi Jinping delivers a keynote speech in virtual format at the opening ceremony of the BRICS Business Forum, June 22, 2022.
Photo: Xinhua / Ju Peng Chinese President Xi Jinping delivers a keynote speech in virtual format at the opening ceremony of the BRICS Business Forum, June 22, 2022.

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