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Tags: china | russia | global trade ties | sanctions | ukraine | west | inflation

China's Xi Urges Solidarity to Back Global Recovery, Slams Economic Sanctions

China's Xi Urges Solidarity to Back Global Recovery, Slams Economic Sanctions
Chinese President Xi Jinping, right, and Russian President Vladimir Putin met in Beijing, China, in February. On June 15, 2022, Xi reasserted his country's support for Russia on “issues concerning core interests and major concerns such as sovereignty and security," in a phone call with Russian leader Putin. (AP)

Wednesday, 22 June 2022 08:10 AM EDT

China's President Xi Jinping on Wednesday called for solidarity and cooperation to support a global economic recovery threatened by an epidemic and security challenges, and criticized sanctions which he said would only bring about disaster.

"The Ukraine crisis sounds an alarm for the world," Xi said at the opening ceremony of the BRICS Business Forum via video link.

"Facts once again have proven that sanctions are a double-edged sword."

Xi called for stronger macroeconomic policy coordination to prevent the global recovery from slowing or even being disrupted, adding that major developed countries should adopt "responsible" economic policies.

The BRICS nations are Brazil, Russia, India, China and South Africa.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
China's President Xi Jinping on Wednesday called for solidarity and cooperation to support a global economic recovery threatened by an epidemic and security challenges, and criticized sanctions which he said would only bring about disaster.
china, russia, global trade ties, sanctions, ukraine, west, inflation, post-pandemic world economy
108
2022-10-22
Wednesday, 22 June 2022 08:10 AM
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