June 17, 2022—China’s President Xi Jinping emphasized the importance of globalization and an open world economy as he addressed Russia’s St. Petersburg International Economic Forum. Addressing the forum virtually, Xi warned that economic globalization is facing headwinds, according to the Chinese Foreign Ministry.
“We need to advance economic globalization,” Xi said. He called on attendees to reject “attempts at decoupling, supply disruption, unilateral sanctions and maximum pressure.”
According to a Russian-owned media outlet the RT, Xi said trade between China and Russia is growing.
Western Sanctions Impact
Furthermore, China’s state-run media outlet CGTN reported that Western sanctions against Russia dominated discussions at this year’s forum. Xi said China is ready to work with Russia on development projects and deepen exchanges with other countries on innovation.
“Although the government in Moscow is trying to paint an optimistic picture of dealing with the sanctions, not everyone at the forum shared the opinion,” Aljosa Milenkovic, a correspondent with China’s CGTN, reported.
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