1. Xi says China 'will never seek hegemony' no matter how strong it becomes  CNBC
  2. Xi: One Nation or a Few Shouldn't Set Rules for the World  Bloomberg Politics
  3. Amid US strains, China's Xi warns against 'unilateralism'  The Associated Press
  4. China's President Xi Calls for More Equitable Global Governance  U.S. News & World Report
  5. Xi Challenges U.S. Global Leadership, Warns Against Decoupling  Bloomberg
  6. View Full Coverage on Google News
Xi also promoted China as a champion for globalization and the multilateral trading system.Xi also promoted China as a champion for globalization and the multilateral trading system.

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BEIJING (AP) — Chinese President Xi Jinping on Tuesday called for more equitable management of global affairs and, in an implicit rejection of U.S. dominance, said governments shouldn’t impose... BEIJING (AP) — Chinese President Xi Jinping on Tuesday called for more equitable management of global affairs and, in an implicit rejection of U.S. dominance, said governments shouldn’t impose...

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Chinese President Xi Jinping on Tuesday called for a rejection of hegemonic power structures in global governance, amid growing tensions between Washington and Beijing over a widening range of issues including alleged human rights abuses.Chinese President Xi Jinping on Tuesday called for a rejection of hegemonic power structures in global governance, amid growing tensions between Washington and Beijing over a widening range of issues including alleged human rights abuses.

China’s Xi calls for fairer world order as rivalry with U.S. deepens | Reuters

President Xi Jinping called for greater global economic integration and warned against decoupling while calling on the U.S. and its allies to avoid 'bossing others around.'President Xi Jinping called for greater global economic integration and warned against decoupling while calling on the U.S. and its allies to avoid 'bossing others around.'

Xi Jinping challenges US global leadership, warns against decoupling

Full text of Xi Jinping's speech via video link at Boao Forum for Asia (BFA) Annual Conference 2021.

Full text: Xi Jinping's speech at BFA Annual Conference 2021 - CGTN

The Regional Comprehensive Economic Partnership (RCEP), the world's largest trade deal signed by China and 14 other economies in November 2020, is facing challenges as comprehensive China-US competition has taken shape, officials and experts said at a seminar during the 2021 Boao Forum for Asia (BFA) on Monday.

RCEP faces challenges as comprehensive China-US competition takes shape: experts at Boao forum - Global Times

(Bloomberg) -- China’s President Xi Jinping will address the annual Boao Forum Tuesday and his video speech will touch on the risks and challenges the world is facing, and what solutions his country offers to overcome them.China’s top financial watchdog is keeping a close watch over hedge fund inflows to safeguard financial stability as the nation seeks to attract foreign capital and opens its capital markets, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said at the forum on Monday.Chinese government officials and business leaders are gathered this week on the tropical island province of Hainan for the forum, with discussions encompassing topics from digital currencies to carbon neutrality and the economic outlook for a post-pandemic world. Billed as an Asian version of the World Economic Forum, the event kicked off Sunday and is slated to run through Wednesday.Bloomberg News captured the pulse of the event throughout the forum. Updated as of Monday 9:15 p.m. Beijing time.What to Watch:Click here for the agenda, here for latest list of delegatesXi to Discuss Global Risks and Challenges in Speech TuesdayChinese central bank governor Yi Gang to speak on a panel about carbon neutrality on Tuesday at 4 p.m. local timeLarry Fink, Deputy PBOC Governor Li Bo, former PBOC Governor Zhou Xiaochuan speaking on a panel about pension reform on Tuesday at 8 p.m. local timeA look at China’s green goals; first-quarter economic performanceLatest developments:Keeping a Close Eye on Fast Money InflowsFang Xinghai said the securities watchdog is paying “high attention” to overseas brokers that are backed by hedge funds and use the Stock Connect program for investments into China.“There are rules that if a foreign account creates a large market move we can stop its trading,” he said. “So we have tools to prevent these investments from creating fluctuation in our markets.”Investors such as mutual funds, pension funds and insurance funds are “very welcome” in China, he said.He also said China plans to increase inclusion factors of mainland A-shares in major indexes, and continue to expand the scope of inclusion to attract more foreign investment. As of the end of March, foreign capital held 5% of China’s stock markets.Huang Zhaohui, Chief Executive Officer of China International Capital Corporation Ltd, said at the same panel that capital market opening is a must for China and the country should boost equity financing as part of economic transformation.Full-throated Defense of Belt and Road China’s former central-bank boss delivered a full-throated defense of the country’s Belt and Road projects, dismissing what he called “conspiracy theories” about geopolitical motivations for overseas infrastructure investments.China’s investments marry its overcapacity in some industries with demand in developing countries, Zhou Xiaochuan, former governor of the Peoples Bank of China said at the forum.“They are bottom-up, not top-down,” he said. “The banks take decisions by themselves, they are not told to do it, and the financing is based on the market rates.”China has faced criticism that its investments are part of a strategy to entrap some countries in excessive debt, boosting China’s political clout over the target nation.China Hopes Both U.S. and China Can Join TPPTo truly liberalize trade and investment in the Asia-Pacific, we hope that China can be admitted to CPTPP trade deal and the U.S. would also return to it, former senior Chinese trade official Long Yongtu said at the Boao forum. If that happens, then TPP would become a high-level regional trading agreement, Long said, adding it would be difficult, but he hoped both nations will make the effort.Neither country is a member of the Comprehensive and Progressive for Trans-Pacific Partnership, although China has recently said that it is considering joining.The U.S. was one of the parties negotiating the deal, until President Donald Trump pulled out. China also recently finished the ratification of the Regional Comprehensive Economic Partnership, a separate trade deal which was signed in 2020.“I very much hope that RCEP and TPP will someday in the future adopt a format for the two to converge or integrate with each other. Then we will have the largest free trade agreement in the whole world,” Long said. The U.S. is the key for this – if they express a positive view about returning to CPTPP and show positive signals on it, the two trade blocs will merge eventually, he said. Long was China’s chief trade negotiator during the country’s process to join the World Trade Organization.Huawei, China Mobile on Power of 5GHuawei Technologies Co.’s Ken Hu, one of three rotating chairmen who take turns filling the post, on Monday talked up the business by outlining how 5G can reduce waste and speed things up dramatically -- including for itself. Hu described how China’s largest technology company by sales is revamping one of its main plants in the southern city of Dongguan, doing away with miles of pre-5G telecom cables. “We need about 560 kilometers of cable to connect all of the devices in the 60,000-square-meter, 3-floor plant, which could basically be saved after deploying 5G. This is a very big change.”Read: China Builds World’s Largest 5G Mobile Network: XinhuaSeparately, China Mobile chairman Yang Jie Said it was helping take ultra-fast 5G into mines at a depth of up to 500 meters, to help monitor underground working surfaces, control coal mining machines and detect hazardous gas.“The input-output ratio is still very high,” Yang said at a panel, adding that with help of the 5G technology, “we can reduce the number of people working underground by 20 for each working surface” and “it saves tens of millions yuan of investment every year.”Foreign Insurers Urged to Learn From Chinese PeersChinese insurance companies have learned a great deal from their overseas peers in terms of corporate governance and products, but foreign players haven’t been as enthusiastic in localizing their services and sales practices in China, Shang Jingguo, secretary general of the Insurance Association of China, said in an interview on the sidelines of the Boao Forum.“The insurance market is a very localized one. It’s not as standardized as the securities market in terms of sales and services,” said Shang, adding that foreign players “should think of how to better connect with the local culture”.China has eased restrictions and started allowing foreign insurance companies to fully control local units starting January 2020. China is now the world’s second-largest insurance market following the U.S., according Deloitte.The market share of foreign insurers, however, remains small in mainland China, standing at around 7%, according to local media reports.China’s Solutions for Global ProblemsChinese Foreign Ministry spokesman Wang Wenbin gave a taste of what Xi will discuss during a regular press briefing Monday in Beijing. Xi’s keynote speech will touch on the risks and challenges the world is facing, and what solutions China can offer to promote development and prosperity, the spokesman said.“This reflects the world’s aspiration to address changes and strengthen global governance,” Wang said. “China hopes all parties will have a full discussion, and make plans for better development and to create a better future for Asia and the world.”Wang declined to identify the second senior official who state media reports indicated will attend the forum in person, saying the ministry would release information “in due course.”Encouraging Signs of Consumer SpendingChina’s low-income households are picking up spending, boding well for overall consumption in the economy and a sign of a more balanced recovery, the chief economist of e-commerce giant JD.com Inc.said.Higher earners in the nation’s biggest cities expanded their spending during the pandemic last year to splurge on luxury and electronic products such as phones and computers, Shen Jianguang said in an interview at the Boao Forum. The driver for consumption is now starting to shift to smaller cities, he said.“Recently we are seeing a lot of people started working and all the shops are open,” he said. Consumption is “more geared toward necessity goods and less discretionary goods” and spending in tier-three and tier-four cities are picking up, he said.Politicization of Trade a ‘Great Pity’The business community was glad to see Europe and China reach the Comprehensive Agreement on Investment, but “then we have seen that political differences have sort of created issues that could make an early ratification difficult to achieve,” according to Jens Eskelund, China CEO of shipping firm AP Moller – Maersk A/S.Esekelund is also vice president of the EU Chamber of Commerce in China.“I think it is something that the EU Chamber of Commerce sees as a worrying tendency that trade sometimes becomes politicized and that political difference have spillovers into the commercial arena. It’s something we think is a great pity,” he said on a panel at the Boao Forum. “Our hope is that, irrespective of the current differences, that it will be possible for the two sides to find some sort of common ground that leads to ratification.”In a position paper published in September 2020, 43% of the chamber’s members reported that the business environment had become increasingly politicized compared to the previous year.Read: Europe’s Contested Deal With China Sends Warning to Joe BidenCrowded Rooms, Not Many MasksThe Boao Forum is the first big offline event in China this year, with over 2000 people attending. That’s fewer than in previous years, but it’s still a shock to suddenly be back in an environment with people crammed into meeting rooms, or in a press room with journalists pressed cheek by jowl. While there’re still some signs of the pandemic, including plastic barriers on the dinner tables, one big visual surprise is just how many people aren’t wearing masks.While there are basically no virus cases in China, the country’s efforts to deal with the return to normal is still a process of trial and error. Initially the Boao Forum demanded that all journalists attending be vaccinated. But that was soon rescinded, likely because there wasn’t enough time for everyone to have the two shots needed. Still, all attendees had to have a virus test before coming to Boao, and then another one on arrival. So even if the masks are gradually coming off and life is returning to normal, there’s still a long way to go.Boao Forum Returns After HiatusChina is signaling it’s open for business with the resumption of the high-profile Boao Forum for Asia, an opportunity for the government to make a renewed effort to lure foreign investors in a post-pandemic world. The event was canceled last year as a result of the coronavirus pandemic.Digital Yuan Not to Replace DollarChina’s goal for internationalizing its currency is not to replace the dollar, and the efforts to create a digital yuan are aimed at domestic use, a senior central bank official said Sunday.“For the internationalization of the renminbi, we have said many times that it’s a natural process, and our goal is not to replace the U.S. dollar or other international currencies,” People’s Bank of China Deputy Governor Li Bo said Sunday.Internationalizing Yuan a Top Priority, Says EconomistThe top priority for China’s financial sector is promoting the global use of its currency and opening up the financial markets, instead of digitizing the yuan, said Wu Xiaoqiu, director of the Finance and Securities Institute at Renmin University of China.“Global history tells us a country’s financial opening up always begins with liberalizing the currency,” said Wu at a presser at the Boao Forum. “The key task now is not to put so much focus on the digital currency.”China should work toward allowing free cross-border flow of capital and greater exchange rate flexibility, Wu said. The country’s economy is solid enough, and liberalizing the yuan exchange rate is unlikely to lead to a crisis of sudden depreciation of the yuan, he added.CanSino Checking Vaccine Safety CloselyCanSino Biologics Inc. is monitoring its Covid-19 vaccine more carefully after cases of blood clots forced other suppliers to suspend inoculations. “We’re just monitoring more cautiously,” CanSino Chairman Yu Xuefeng said on the sidelines of the Boao Forum.The comments come as a vaccine from Johnson & Johnson was halted in Europe after U.S. officials paused immunizations to investigate blood clots suffered by six women.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.(Bloomberg) -- China’s President Xi Jinping will address the annual Boao Forum Tuesday and his video speech will touch on the risks and challenges the world is facing, and what solutions his country offers to overcome them.China’s top financial watchdog is keeping a close watch over hedge fund inflows to safeguard financial stability as the nation seeks to attract foreign capital and opens its capital markets, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said at the forum on Monday.Chinese government officials and business leaders are gathered this week on the tropical island province of Hainan for the forum, with discussions encompassing topics from digital currencies to carbon neutrality and the economic outlook for a post-pandemic world. Billed as an Asian version of the World Economic Forum, the event kicked off Sunday and is slated to run through Wednesday.Bloomberg News captured the pulse of the event throughout the forum. Updated as of Monday 9:15 p.m. Beijing time.What to Watch:Click here for the agenda, here for latest list of delegatesXi to Discuss Global Risks and Challenges in Speech TuesdayChinese central bank governor Yi Gang to speak on a panel about carbon neutrality on Tuesday at 4 p.m. local timeLarry Fink, Deputy PBOC Governor Li Bo, former PBOC Governor Zhou Xiaochuan speaking on a panel about pension reform on Tuesday at 8 p.m. local timeA look at China’s green goals; first-quarter economic performanceLatest developments:Keeping a Close Eye on Fast Money InflowsFang Xinghai said the securities watchdog is paying “high attention” to overseas brokers that are backed by hedge funds and use the Stock Connect program for investments into China.“There are rules that if a foreign account creates a large market move we can stop its trading,” he said. “So we have tools to prevent these investments from creating fluctuation in our markets.”Investors such as mutual funds, pension funds and insurance funds are “very welcome” in China, he said.He also said China plans to increase inclusion factors of mainland A-shares in major indexes, and continue to expand the scope of inclusion to attract more foreign investment. As of the end of March, foreign capital held 5% of China’s stock markets.Huang Zhaohui, Chief Executive Officer of China International Capital Corporation Ltd, said at the same panel that capital market opening is a must for China and the country should boost equity financing as part of economic transformation.Full-throated Defense of Belt and Road China’s former central-bank boss delivered a full-throated defense of the country’s Belt and Road projects, dismissing what he called “conspiracy theories” about geopolitical motivations for overseas infrastructure investments.China’s investments marry its overcapacity in some industries with demand in developing countries, Zhou Xiaochuan, former governor of the Peoples Bank of China said at the forum.“They are bottom-up, not top-down,” he said. “The banks take decisions by themselves, they are not told to do it, and the financing is based on the market rates.”China has faced criticism that its investments are part of a strategy to entrap some countries in excessive debt, boosting China’s political clout over the target nation.China Hopes Both U.S. and China Can Join TPPTo truly liberalize trade and investment in the Asia-Pacific, we hope that China can be admitted to CPTPP trade deal and the U.S. would also return to it, former senior Chinese trade official Long Yongtu said at the Boao forum. If that happens, then TPP would become a high-level regional trading agreement, Long said, adding it would be difficult, but he hoped both nations will make the effort.Neither country is a member of the Comprehensive and Progressive for Trans-Pacific Partnership, although China has recently said that it is considering joining.The U.S. was one of the parties negotiating the deal, until President Donald Trump pulled out. China also recently finished the ratification of the Regional Comprehensive Economic Partnership, a separate trade deal which was signed in 2020.“I very much hope that RCEP and TPP will someday in the future adopt a format for the two to converge or integrate with each other. Then we will have the largest free trade agreement in the whole world,” Long said. The U.S. is the key for this – if they express a positive view about returning to CPTPP and show positive signals on it, the two trade blocs will merge eventually, he said. Long was China’s chief trade negotiator during the country’s process to join the World Trade Organization.Huawei, China Mobile on Power of 5GHuawei Technologies Co.’s Ken Hu, one of three rotating chairmen who take turns filling the post, on Monday talked up the business by outlining how 5G can reduce waste and speed things up dramatically -- including for itself. Hu described how China’s largest technology company by sales is revamping one of its main plants in the southern city of Dongguan, doing away with miles of pre-5G telecom cables. “We need about 560 kilometers of cable to connect all of the devices in the 60,000-square-meter, 3-floor plant, which could basically be saved after deploying 5G. This is a very big change.”Read: China Builds World’s Largest 5G Mobile Network: XinhuaSeparately, China Mobile chairman Yang Jie Said it was helping take ultra-fast 5G into mines at a depth of up to 500 meters, to help monitor underground working surfaces, control coal mining machines and detect hazardous gas.“The input-output ratio is still very high,” Yang said at a panel, adding that with help of the 5G technology, “we can reduce the number of people working underground by 20 for each working surface” and “it saves tens of millions yuan of investment every year.”Foreign Insurers Urged to Learn From Chinese PeersChinese insurance companies have learned a great deal from their overseas peers in terms of corporate governance and products, but foreign players haven’t been as enthusiastic in localizing their services and sales practices in China, Shang Jingguo, secretary general of the Insurance Association of China, said in an interview on the sidelines of the Boao Forum.“The insurance market is a very localized one. It’s not as standardized as the securities market in terms of sales and services,” said Shang, adding that foreign players “should think of how to better connect with the local culture”.China has eased restrictions and started allowing foreign insurance companies to fully control local units starting January 2020. China is now the world’s second-largest insurance market following the U.S., according Deloitte.The market share of foreign insurers, however, remains small in mainland China, standing at around 7%, according to local media reports.China’s Solutions for Global ProblemsChinese Foreign Ministry spokesman Wang Wenbin gave a taste of what Xi will discuss during a regular press briefing Monday in Beijing. Xi’s keynote speech will touch on the risks and challenges the world is facing, and what solutions China can offer to promote development and prosperity, the spokesman said.“This reflects the world’s aspiration to address changes and strengthen global governance,” Wang said. “China hopes all parties will have a full discussion, and make plans for better development and to create a better future for Asia and the world.”Wang declined to identify the second senior official who state media reports indicated will attend the forum in person, saying the ministry would release information “in due course.”Encouraging Signs of Consumer SpendingChina’s low-income households are picking up spending, boding well for overall consumption in the economy and a sign of a more balanced recovery, the chief economist of e-commerce giant JD.com Inc.said.Higher earners in the nation’s biggest cities expanded their spending during the pandemic last year to splurge on luxury and electronic products such as phones and computers, Shen Jianguang said in an interview at the Boao Forum. The driver for consumption is now starting to shift to smaller cities, he said.“Recently we are seeing a lot of people started working and all the shops are open,” he said. Consumption is “more geared toward necessity goods and less discretionary goods” and spending in tier-three and tier-four cities are picking up, he said.Politicization of Trade a ‘Great Pity’The business community was glad to see Europe and China reach the Comprehensive Agreement on Investment, but “then we have seen that political differences have sort of created issues that could make an early ratification difficult to achieve,” according to Jens Eskelund, China CEO of shipping firm AP Moller – Maersk A/S.Esekelund is also vice president of the EU Chamber of Commerce in China.“I think it is something that the EU Chamber of Commerce sees as a worrying tendency that trade sometimes becomes politicized and that political difference have spillovers into the commercial arena. It’s something we think is a great pity,” he said on a panel at the Boao Forum. “Our hope is that, irrespective of the current differences, that it will be possible for the two sides to find some sort of common ground that leads to ratification.”In a position paper published in September 2020, 43% of the chamber’s members reported that the business environment had become increasingly politicized compared to the previous year.Read: Europe’s Contested Deal With China Sends Warning to Joe BidenCrowded Rooms, Not Many MasksThe Boao Forum is the first big offline event in China this year, with over 2000 people attending. That’s fewer than in previous years, but it’s still a shock to suddenly be back in an environment with people crammed into meeting rooms, or in a press room with journalists pressed cheek by jowl. While there’re still some signs of the pandemic, including plastic barriers on the dinner tables, one big visual surprise is just how many people aren’t wearing masks.While there are basically no virus cases in China, the country’s efforts to deal with the return to normal is still a process of trial and error. Initially the Boao Forum demanded that all journalists attending be vaccinated. But that was soon rescinded, likely because there wasn’t enough time for everyone to have the two shots needed. Still, all attendees had to have a virus test before coming to Boao, and then another one on arrival. So even if the masks are gradually coming off and life is returning to normal, there’s still a long way to go.Boao Forum Returns After HiatusChina is signaling it’s open for business with the resumption of the high-profile Boao Forum for Asia, an opportunity for the government to make a renewed effort to lure foreign investors in a post-pandemic world. The event was canceled last year as a result of the coronavirus pandemic.Digital Yuan Not to Replace DollarChina’s goal for internationalizing its currency is not to replace the dollar, and the efforts to create a digital yuan are aimed at domestic use, a senior central bank official said Sunday.“For the internationalization of the renminbi, we have said many times that it’s a natural process, and our goal is not to replace the U.S. dollar or other international currencies,” People’s Bank of China Deputy Governor Li Bo said Sunday.Internationalizing Yuan a Top Priority, Says EconomistThe top priority for China’s financial sector is promoting the global use of its currency and opening up the financial markets, instead of digitizing the yuan, said Wu Xiaoqiu, director of the Finance and Securities Institute at Renmin University of China.“Global history tells us a country’s financial opening up always begins with liberalizing the currency,” said Wu at a presser at the Boao Forum. “The key task now is not to put so much focus on the digital currency.”China should work toward allowing free cross-border flow of capital and greater exchange rate flexibility, Wu said. The country’s economy is solid enough, and liberalizing the yuan exchange rate is unlikely to lead to a crisis of sudden depreciation of the yuan, he added.CanSino Checking Vaccine Safety CloselyCanSino Biologics Inc. is monitoring its Covid-19 vaccine more carefully after cases of blood clots forced other suppliers to suspend inoculations. “We’re just monitoring more cautiously,” CanSino Chairman Yu Xuefeng said on the sidelines of the Boao Forum.The comments come as a vaccine from Johnson & Johnson was halted in Europe after U.S. officials paused immunizations to investigate blood clots suffered by six women.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

China’s Xi to Deliver Speech; Fast Money Inflows: Boao Update

Chinese leader says global affairs cannot be decided by just a few countries as rivalry with US intensifies.Chinese leader says global affairs cannot be decided by just a few countries as rivalry with US intensifies.

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Building barriers and pushing for decoupling will harm others and benefit no one, Xi said in his keynote speech at the annual Boao Forum for Asia, China's answer to the Davos conference.Building barriers and pushing for decoupling will harm others and benefit no one, Xi said in his keynote speech at the annual Boao Forum for Asia, China's answer to the Davos conference.

China’s President Xi Jinping calls for more equitable global governance | World News,The Indian Express

Building barriers and pushing for decoupling will harm others and benefit no one, Xi said in his keynote speech at the annual Boao Forum for Asia, China's answer to the Davos conference.Building barriers and pushing for decoupling will harm others and benefit no one, Xi said in his keynote speech at the annual Boao Forum for Asia, China's answer to the Davos conference.

China’s President Xi Jinping calls for more equitable global governance | World News,The Indian Express

Chinese president’s speech at Boao Forum for Asia comes amid international scrutiny of China and as US puts renewed emphasis on alliances in Asia and Europe.Chinese president’s speech at Boao Forum for Asia comes amid international scrutiny of China and as US puts renewed emphasis on alliances in Asia and Europe.

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Chinese President Xi Jinping said on Tuesday that the global governance system should be made more equitable and fair, and that rules set by one country or some nations cannot be imposed on others. "The world wants justice, not hegemony," Xi said in his keynote speech at the annual Boao Forum for Asia, the region's answer to Davos. Building barriers and pushing for decoupling will harm others and benefit no one, Xi said.Chinese President Xi Jinping said on Tuesday that the global governance system should be made more equitable and fair, and that rules set by one country or some nations cannot be imposed on others. "The world wants justice, not hegemony," Xi said in his keynote speech at the annual Boao Forum for Asia, the region's answer to Davos. Building barriers and pushing for decoupling will harm others and benefit no one, Xi said.

World wants justice, not hegemony, says Chinese President Xi Jinping, World News | wionews.com

SHANGHAI -- In a message seemingly directed at the U.S. and its allies, Chinese President Xi Jinping urged countries across the world to adopt multilaIn Boao speech, president says China will never seek 'hegemony, expansion'

Xi takes swipe at US by urging restraint from 'meddling' - Nikkei Asia

The different states of economic development of countries in the Regional Comprehensive Economic Partnership (RCEP) trade deal will prove a key challenge for what is set to be the world's largest trading bloc, said officials and academics at the Boao Forum yesterday.. Read more at straitstimes.com.East Asia News -The different states of economic development of countries in the Regional Comprehensive Economic Partnership (RCEP) trade deal will prove a key challenge for what is set to be the

Different stages of growth will test RCEP, East Asia News & Top Stories - The Straits Times

China will never seek hegemony, expansion, or a sphere of influence no matter how strong it may grow, President Xi Jinping said Tuesday. Nor will China ever engage in an arms race, Xi added.China will never seek hegemony, expansion, or a sphere of influence no matter how strong it may grow, President Xi Jinping said Tuesday. Nor will China ever engage in an arms race, Xi added.

China will never seek hegemony, expansion, sphere of influence, says Xi | The Star

President Gotabaya Rajapaksa will attend the opening ceremony of the annual conference of the Boao Forum for Asia (BFA) 2021 via video link today. ..President Gotabaya Rajapaksa will attend the opening ceremony of the annual conference of the Boao Forum for Asia (BFA) 2021 via video link today. ..

President to attend virtual Boao Forum for Asia 2021 today | Daily FT

“What we need in today’s world is justice, not hegemony,” Xi told the Boao Forum on Asia, adding that China would never engage in an arms race.“What we need in today’s world is justice, not hegemony,” Xi told the Boao Forum on Asia, adding that China would never engage in an arms race.

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Chinese President Xi Jinping has said countries shouldn't force their will on others.Chinese President Xi Jinping has said countries shouldn't force their will on others.

Xi rejects 'unilateralism' amid US tensions | NHK WORLD-JAPAN News

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The Prime Minister also reaffirmed New Zealand's commitment to multilateralism. The Prime Minister also reaffirmed New Zealand's commitment to multilateralism.

Jacinda Ardern calls for countries to work together for 'inclusive recovery' at Boao Forum for Asia | 1 NEWS | TVNZ

Described by some as China’s version of the World Economic Forum in Davos, event was canceled last yearDescribed by some as China’s version of the World Economic Forum in Davos, event was canceled last year

China signals it’s open for business with high-profile Boao Forum for Asia

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(1st UPDATE) 'The world wants justice, not hegemony,' Chinese President Xi Jinping says(1st UPDATE) 'The world wants justice, not hegemony,' Chinese President Xi Jinping says

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President Xi Jinping said on Tuesday that the global governance system should be made more equitable and fair, and that rules set by one cou...President Xi Jinping said on Tuesday that the global governance system should be made more equitable and fair, and that rules set by one country or some nations cannot be imposed on others."The w...

Xi Jinping calls for fair global rules, says decoupling harmful | The Standard

In a veiled critique of US efforts to reduce dependence on Chinese supply chains, Xi said any effort to build barriers against economic and market principles would only harm others.In a veiled critique of US efforts to reduce dependence on Chinese supply chains, Xi said any effort to build barriers against economic and market principles would only harm others.

Xi Jinping asks US, allies to avoid 'bossing others around', warns against decoupling

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By Kevin Yao BOAO, China (Reuters) -Chinese President Xi Jinping on Tuesday called for a rejection of hegemonic power structures in global governance, amid growing tensions between Washington and Beijing over a widening range of issues including alleged human rights abuses. Speaking at the annual Boao Forum for Asia, Xi criticised efforts by some countries to build barriers and decouple , which he said would harm others and benefit no one. China has long called for reforms of the global governance system to better reflect a more diverse range of perspectives and values from the international community, including its own, instead of those of a few major nations. It has also repeatedly clashed with the biggest stakeholders in world governance, particularly the United States, over a range of issues from human rights to China's economic influence over other countries. The world wants justice, not hegemony, Xi said in remarks broadcast to the forum. A big country should look like a big country by showing that it is shouldering more responsibility, he said. While Xi did not identify any country in his remarks, Chinese officials have in recent times referred to U.S. hegemony in public criticisms of Washington's global projection of power in trade and geopolitics. On Friday, U.S. President Joe Biden held his first face-to-face White House summit since taking office, in a meeting with Japanese Prime Minister Yoshihide Suga in which China topped the agenda. Both leaders said they share serious concerns about the human rights situation in Hong Kong and China's Xinjiang region, where Washington has said Beijing is perpetrating a genocide against Muslim Uighurs. China has denied abuses. In a display of economic cooperation to the exclusion of China, Biden said Japan and the United States would jointly invest in areas such as 5G technology, artificial intelligence, quantum computing, genomics and semiconductor supply chains. As the Biden administration rallies other democratic allies to harden their stance on China, Beijing is seeking to strengthen ties with its autocratic partners and economically dependent neighbours in Southeast Asia. Chinese speakers at the Boao forum, Asia's answer to Davos, also affirmed Beijing's commitment to global free trade. China's trade practices were a focus of an intense tariff war between Beijing and Washington under the Trump administration, with the United States accusing Beijing of unfair subsidiaries that give Chinese companies unfair advantage abroad and forced transfers of technology and intellectual property. The biggest experience that China's accession to the World Trade Organization 20 years ago is that we Chinese are not afraid of competition, Long Yongtu,China's former chief negotiator for the China's WTO entry in 2001, told the forum on Monday. SHARED INTERESTS However, despite the persistent confrontation between the U.S. administration and China, both sides have rediscovered a common interest in battling climate change, after bilateral talks on fighting greenhouse emissions fizzled out during the Trump era. Last week, U.S. climate envoy John Kerry flew to Shanghai to meet with his Chinese counterpart in the first high-level visit to China by a Biden administration official. Both agreed on concrete actions in the 2020s to reduce emissions. (Reporting by Kevin Yao; Writing by Ryan Woo; Editing by Christopher Cushing and Sam Holmes)By Kevin Yao BOAO, China (Reuters) -Chinese President Xi Jinping on Tuesday called for a rejection of hegemonic power structures in global governance, amid growing tensions between Washington and Beijing over a widening range of issues including alleged human rights abuses. Speaking at the annual Boao Forum for Asia, Xi criticised efforts by some countries to "build barriers" and "decouple", which he said would harm others and benefit no one. China has long called for reforms of the global governance system to better reflect a more diverse range of perspectives and values from the international community, including its own, instead of those of a few major nations. It has also repeatedly clashed with the biggest stakeholders in world governance, particularly the United States, over a range of issues from human rights to China's economic influence over other countries. "The world wants justice, not hegemony," Xi said in remarks broadcast to the forum. "A big country should look like a big country by showing that it is shouldering more responsibility," he said. While Xi did not identify any country in his remarks, Chinese officials have in recent times referred to U.S. "hegemony" in public criticisms of Washington's global projection of power in trade and geopolitics. On Friday, U.S. President Joe Biden held his first face-to-face White House summit since taking office, in a meeting with Japanese Prime Minister Yoshihide Suga in which China topped the agenda. Both leaders said they "share serious concerns" about the human rights situation in Hong Kong and China's Xinjiang region, where Washington has said Beijing is perpetrating a genocide against Muslim Uighurs. China has denied abuses. In a display of economic cooperation to the exclusion of China, Biden said Japan and the United States would jointly invest in areas such as 5G technology, artificial intelligence, quantum computing, genomics and semiconductor supply chains. As the Biden administration rallies other democratic allies to harden their stance on China, Beijing is seeking to strengthen ties with its autocratic partners and economically dependent neighbours in Southeast Asia. Chinese speakers at the Boao forum, Asia's answer to Davos, also affirmed Beijing's commitment to global free trade. China's trade practices were a focus of an intense tariff war between Beijing and Washington under the Trump administration, with the United States accusing Beijing of unfair subsidiaries that give Chinese companies unfair advantage abroad and forced transfers of technology and intellectual property. "The biggest experience that China's accession to the World Trade Organization 20 years ago is that we Chinese are not afraid of competition," Long Yongtu,China's former chief negotiator for the China's WTO entry in 2001, told the forum on Monday. SHARED INTERESTS However, despite the persistent confrontation between the U.S. administration and China, both sides have rediscovered a common interest in battling climate change, after bilateral talks on fighting greenhouse emissions fizzled out during the Trump era. Last week, U.S. climate envoy John Kerry flew to Shanghai to meet with his Chinese counterpart in the first high-level visit to China by a Biden administration official. Both agreed on concrete actions "in the 2020s" to reduce emissions. (Reporting by Kevin Yao; Writing by Ryan Woo; Editing by Christopher Cushing and Sam Holmes)

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President Xi Jinping called for rejection of hegemonic power structures in global governance.President Xi Jinping called for rejection of hegemonic power structures in global governance.

China’s Xi calls for fairer world order

Building barriers and pushing for decoupling will harm others and benefit no one, Xi said in his keynote speech at the annual Boao Forum for Asia, China's answer to the Davos conference.Building barriers and pushing for decoupling will harm others and benefit no one, Xi said in his keynote speech at the annual Boao Forum for Asia, China's answer to the Davos conference.

China's President Xi Jinping calls for more equitable global governance - The Economic Times

Building barriers and pushing for decoupling will harm others and benefit no one, Xi said in his keynote speech at the annual Boao Forum for Asia, China's answer to the Davos conference.

China's President Xi Jinping calls for more equitable global governance - The Economic Times

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Chinese President Xi Jinping called for greater global economic integration and warned against decoupling while calling on the U.S. and its allies to avoid “bossing others around.”

Xi Challenges U.S. Global Leadership, Warns Against Decoupling