Xi Jinping: "Humanity is a Community with a Shared Future... Opposing Unilateral Sanctions and Decoupling"

Speech at the 3rd Belt and Road Forum

Chinese President Xi Jinping emphasized the consciousness of a shared human community and expressed opposition to unilateral sanctions and decoupling. This was a candid expression of dissatisfaction with the US pressure on China at a gathering of developing country leaders participating in the Belt and Road Initiative.

At the opening ceremony of the 3rd Belt and Road Forum for International Cooperation held on the 18th at the Great Hall of the People in Beijing, President Xi stated, "We have deeply realized that humanity is an interdependent community of shared destiny," adding, "The world must be well for China to be well, and if China is well, the world can be better." He emphasized, "What we pursue is not China's unilateral modernization, but realization together with many developing countries and other nations."

[Image source=Reuters Yonhap News]

[Image source=Reuters Yonhap News]

He said, "We have realized that only cooperation and win-win outcomes can accomplish tasks, do good deeds, and achieve great things," and argued, "Considering others' development as a threat and economic interdependence as a risk does not make one's own life better or accelerate development." He continued, "We do not engage in ideological confrontation, geopolitical games, or collective political confrontations, and we oppose unilateral sanctions, economic pressure, and decoupling."

Introducing China's economic policies, he said, "We will completely abolish restrictions on foreign investment approvals in the manufacturing sector and deepen reforms in state-owned enterprises, the digital economy, intellectual property rights, and government procurement," and predicted, "In the next five years (2024?2028), China's merchandise trade volume and service trade volume will exceed 32 trillion USD (approximately 43,176 trillion KRW) and 5 trillion USD, respectively."

In his speech, President Xi declared the "8 Actions" for joint construction of the Belt and Road, including building interconnected networks, supporting an open world economy, conducting practical cooperation (establishing a financing window with 350 billion yuan and adding 80 billion yuan to the Silk Road Fund), promoting green development (training 100,000 experts), fostering scientific and technological innovation (expanding joint research institutes to 100), supporting people-to-people exchanges, promoting integrity research and education, and improving international cooperation mechanisms.

This content was produced with the assistance of AI translation services.