Xi Repeats Opposition to Sanctions, Warns About Economic De-Coupling
- April 21, 2022
- Posted by: Quatro Strategies
- Category: Politics
During a speech on Thursday, Chinese President Xi underlined once again China’s opposition to unilateral sanctions, but not directly mentioning the West’s sanctions on Russia over its invasion of Ukraine.
China has been criticizing Western sanctions, including the ones against Russia, but it has also avoided providing assistance to Moscow fearing secondary sanctions being imposed.
Xi warned about economic de-coupling and pressure tactics, including severing supply chains.
He also said China would like to create a global security initiative that is based on “the principle of indivisibility of security,”.
“We should uphold the principle of indivisibility of security, build a balanced, effective and sustainable security architecture, and oppose the building of national security on the basis of insecurity in other countries.” Xi said.
Russia has been critical of Western governments for not complying with a 1999 agreement based on the principle of “indivisible security”, which states that no country can strengthen its own security at the expense of others.
Russo-Chinese relations have improved considerably since Putin’s visit to Beijing a few weeks before Russia launched its invasion on Ukraine. China has refused to condemn Russia’s aggression towards Ukraine. China has blamed the Ukraine crisis on NATO’s eastward expansion.
Xi said while China’s economy is resilient and its long term trend is unchanged, efforts are needed to stabilize global supply chains.
China’s economy has seen a downward trend after the government maintained its zero tolerance policy against the spread of COVID-19, especially in its economic hub of Shanghai.
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