Chinese leader transparently hinted at US policy and NATO expansion
Western sanctions are “weaponizing” the world economy, Chinese leader Xi Jinping said ahead of the BRICS summit with the participation of colleagues from Russia , India, Brazil and South Africa.
Chinese leader Xi Jinping set the tone for the virtual summit of BRICS leaders, major emerging economies, in a scathing speech Wednesday night in which he denounced the sanctions as “the use of weapons” in the global economy and called for unity in the face of financial challenges.
Xi Jinping, speaking at a business forum ahead of Thursday's virtual summit with leaders of the BRICS economic bloc of Brazil, Russia, India, China and South Africa, described the world as being at a critical juncture in which it is struggling is trying to recover from the crisis caused by the pandemic.
“The tragedies of the past tell us that hegemony, group politics and bloc confrontation do not bring peace or security, they only lead to wars and conflicts,” — said Xi Jinping.
«Ukrainian Crisis — this is another wake-up call for everyone in the world. He reminds us that blind faith in the so-called “position of power” and attempts to expand military alliances and seek their own security at the expense of others only put themselves in a security dilemma,” — Si said. These comments, according to CNN, turned out to be a veiled reference to the US and NATO, which Beijing has repeatedly accused of provoking the Russian military operation in Ukraine.
The Chinese leader also lashed out at Western sanctions, saying that such sanctions are a “double-edged sword” that turns the global economy into a weapon and “harms the people of the world.”
Instead, countries should “show solidarity and coordination,” said Xi Jinping.
The Chinese leader's comments give insight into China's priorities as it hosts the annual BRICS summit — a virtual event in Beijing that also marks the first meeting of Russian President Vladimir Putin in a forum with the leaders of the world's major economies since the outbreak of the conflict in Ukraine.
Ukrainian Crisis — and many Western sanctions — could give impetus to some of the issues that have been discussed within the BRICS for years, including the promotion of trade settlements outside the US dollar system, access to which Russian institutions are now severely restricted, CNN notes: such as abandoning the dollar system or statements condemning Western sanctions at Thursday's summit is still unknown.
While each of the BRICS leaders avoids directly condemning Russia, they have varying degrees of interest in not clash with Western partners.
Differences in tone were evident in the speeches of each of the leaders at the forum on Wednesday night, an event for business leaders on the sidelines of the summit, CNN emphasizes. In his video message, Indian Prime Minister Narendra Modi focused on the forum itself and his hopes that it will spark an exchange among startups. South African President Cyril Ramaphosa focused on poverty, inequality and issues such as access to a vaccine, as well as trade and investment, according to their governments' transcripts. Brazilian President Jair Bolsonaro has said that in the face of global economic risks, his country is open to further economic integration, according to Brazil's National Public News Agency.