Xi warns against Cold War tensions at APEC.

 Xi warns against Cold War tensions at APEC.

The Asia-Pacific Economic Cooperation (APEC) summit was held virtually this year due to the ongoing COVID-19 pandemic. The summit was attended by leaders from 21 member economies, including Chinese President Xi Jinping. During his speech, Xi warned against the rising tensions between major powers and called for cooperation instead of confrontation.

Xi’s warning against Cold War tensions comes at a time when the world is witnessing a growing rivalry between the United States and China. The two countries have been engaged in a trade war for the past few years, and tensions have escalated due to issues such as the COVID-19 pandemic, human rights violations in Xinjiang, and the situation in Hong Kong.

Xi emphasized the importance of multilateralism and called for the strengthening of the World Trade Organization (WTO) to promote free trade and investment. He also stressed the need for countries to work together to address global challenges such as climate change and the pandemic.

The Chinese president’s speech was seen as a message to the incoming Biden administration in the United States. President-elect Joe Biden has promised to take a tougher stance on China, but he has also emphasized the need for cooperation on issues such as climate change and global health.

Xi’s call for cooperation and multilateralism is in line with China’s foreign policy of promoting a “community of shared future for mankind.” This policy emphasizes the importance of working together to address global challenges and promoting win-win cooperation.

The APEC summit also saw the signing of the Regional Comprehensive Economic Partnership (RCEP), a free trade agreement between 15 Asia-Pacific countries, including China, Japan, South Korea, and Australia. The RCEP is seen as a major step towards regional economic integration and is expected to boost trade and investment in the region.

In conclusion, Xi’s warning against Cold War tensions at the APEC summit highlights the importance of cooperation and multilateralism in addressing global challenges. The signing of the RCEP is a positive step towards regional economic integration, and it is hoped that countries will continue to work together to promote free trade and investment. As the world continues to grapple with the COVID-19 pandemic and other challenges, it is important for countries to put aside their differences and work towards a common goal of a better future for all.