Chinese President Xi Jinping has described economic globalisation as an “irresistible trend of history,” emphasising the importance of multilateralism amid tariffs imposed by U.S. President Donald Trump.
Speaking at a virtual BRICS summit hosted by Brazil, Xi called for upholding multilateralism to “defend international fairness and justice,” according to a transcript released by the Chinese Foreign Ministry.
“Hegemonism, unilateralism, and protectionism are spreading rapidly,” Xi said, adding that “trade wars and tariff measures by certain countries severely disrupt the global economy and undermine international trade rules.”
His comments come as U.S. tariffs and protectionist policies continue to roil international markets, with Washington seeking bilateral trade agreements, including with Beijing.
“We must safeguard the international system with the United Nations at its core and the international order based on international law to strengthen the foundations of multilateralism,” Xi said.
He called for “openness and win-win cooperation to protect the international economic and trade order,” and reiterated that “economic globalisation is an irresistible trend of history.”
Xi stressed the need for inclusive globalisation, placing development at the centre of the international agenda, and ensuring that Global South countries participate as equals and share in the benefits of development.
Highlighting that BRICS nations account for nearly half of the world’s population, around 30% of global economic output, and one-fifth of global trade, Xi urged the bloc to work “more closely together.”
Beijing said it is ready to deepen cooperation with BRICS countries, leveraging their respective strengths in business, finance, science, and technology.
The BRICS bloc was originally formed by Brazil, Russia, India, and China, holding its first summit in 2009, and later expanded to include South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates.
The U.S. Senate rejected a resolution on Wednesday that would have directed President Donald Trump to remove U.S. forces from hostilities against Iran...
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 25 June, covering the latest developments you need to know. ...
The Trump administration is expected to move forward with a proposed $750 million sale of F-110 jet engines to Türkiye despite objections from a seni...
Strong earthquakes struck west of Venezuela's capital on Wednesday, toppling buildings in Caracas, trapping people in the rubble and prompting scienti...
Brazil moved closer to the World Cup 2026 knockout stage with a Vinícius Jr double, while Morocco fought back in a six-goal thriller against Haiti, a...
Brazil moved closer to the World Cup 2026 knockout stage with a Vinícius Jr double, while Morocco fought back in a six-goal thriller against Haiti, as Scotland’s campaign suffered a setback after another difficult attacking display.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
Villagers took part in Dragon Boat Festival celebrations on 24 June in Foshan, Guangdong province, where traditional racing was held on the narrow, winding Diejiao River.
A cemetery in the Gaza Strip containing the remains of 22 Canadian soldiers killed during a 1956 United Nations peacekeeping mission has been destroyed, according to media reports citing families of the deceased.
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as the top U.S. diplomat tours the Middle East to win over allies sceptical about a proposed deal.
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited by the TASS news agency. No injuries were reported in the incident.
Russia has called for clarification on whether U.S. President Donald Trump has changed his position on the war in Ukraine following remarks made at the recent G7 summit in Evian-les-Bains.
U.S. President Donald Trump said that Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian assets would be used to buy humanitarian supplies from the United States.
The U.S. Senate rejected a resolution on Wednesday that would have directed President Donald Trump to remove U.S. forces from hostilities against Iran unless Congress formally authorised military action.
Apple is facing a £3 billion lawsuit in the United Kingdom after a competition tribunal approved a major collective action over its iCloud storage service.
China has opened its market to cashew nuts from all African countries with diplomatic relations with Beijing, removing a long-standing barrier that had restricted exports from much of the world's largest cashew-producing continent.
Media leaders from across Europe gathered in Vienna this week for the annual European Publishing Congress.
Amazon founder Jeff Bezos has said artificial intelligence will ultimately lead to labour shortages rather than widespread unemployment, pushing back against growing fears that AI will replace human workers.
French department store BHV and online fast-fashion retailer Shein have ended their partnership, seven months after the launch of a permanent Shein shop in Paris triggered controversy and widespread criticism.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment