President Xi Jinping Delivered a Keynote Speech at the Opening Ceremony of the BRICS Business Forum

time:2022-06-22 20:59

On the evening of June 22, President Xi Jinping attended the opening  ceremony of the BRICS Business Forum in virtual format and delivered a  keynote speech titled “Keep Abreast of the Trend of the Times to Shape a Bright Future”.

President Xi noted that right now our world is facing drastic changes and a pandemic both  unseen in a century. Various security challenges keep emerging. The  world economy still faces strong headwinds on its path toward recovery,  and global development has suffered major setbacks. Where is the world  headed: Peace or war? Progress or regression? Openness or isolation?  Cooperation or confrontation? These are choices of the times that we are confronted with.

President Xi stressed  that human history, like a river, keeps surging forward, with moments of both calm waters and huge waves. Despite changes in an evolving global  environment, the historical trend of openness and development will  not reverse course, and our shared desire to meet challenges together  through cooperation will remain as strong as ever. We should stand high  and not allow ourselves to be distracted by fleeting clouds, and we  should have a keen appreciation of the law governing the advance  of history. We should refuse to be led astray by any turn of events or  intimidated by any risk. We should rise to challenge and forge ahead  with resolve toward the goal of building a community with a shared future for mankind.

First, we should embrace solidarity and coordination and jointly maintain world  peace and stability. The tragedies of the past tell us that hegemony,  group politics and bloc confrontation bring no peace or security; they only lead to wars and conflicts. Blind faith in the so-called “position  of strength” and attempts to expand military alliances and seek one’s  own security at the expense of others will only land oneself in a  security dilemma. Only when we all cherish and uphold peace and never  forget the painful lessons of war can there be hope of peace. We should  stay true to the pledge of the UN Charter and fulfill the mission of  maintaining peace. Not long ago, I put forward the Global Security  Initiative, calling on all countries to stay committed to the vision of  common, comprehensive, cooperative and sustainable security; stay  committed to respecting the sovereignty and territorial integrity of all  countries; stay committed to abiding by the purposes and principles of  the UN Charter; stay committed to taking the legitimate security concerns of all countries seriously; stay committed to peacefully  resolving differences and disputes between countries through dialogue  and consultation; and stay committed to maintaining security in both  traditional and non-traditional domains. We in the international  community should reject zero-sum games and jointly oppose hegemonism and  power politics. We should build a new type of international relations  based on mutual respect, fairness, justice and win-win cooperation. We  should be clear that we are a community in which all countries share a common stake, and we should see that the light of peace will reach all  corners of the world.

Second, we should  reach out to each other and jointly promote sustainable global  development. Today, the global development process has hit major  roadblocks. Almost 1.2 billion people in nearly 70 countries are  confronted with COVID-19, food, energy and debt crises. What has been achieved in decades of global poverty reduction efforts could be  lost. Last year, I put forward the Global Development Initiative, and I called on all countries to implement the 2030 Agenda for Sustainable  Development, forge united, equal, balanced and inclusive global  development partnership, and promote cooperation in a wide range of  areas such as poverty reduction, public health, education, digital  connectivity and industrialization. We should deepen cooperation to  better safeguard food and energy security. We should seize  opportunities presented by the new scientific and technological  revolution and industrial transformation, and promote the flow of  factors of production that enable innovation globally. We should help developing countries speed up development of the digital economy and  green transformation. We should also engage in cooperation on  COVID-19 response and provide more anti-COVID medicines to developing  countries so as to beat the virus at an early date. We should respond to  people’s concerns, pursue the larger interests of all countries, and  steer global development to a new era to deliver benefit to all.

Third, we should tide over difficulties together and jointly pursue win-win  cooperation. At present, some important industrial and supply chains are  suffering from deliberate disruptions, commodity prices remain high and  are fluctuating, global inflation keeps rising, the international  financial market is in turmoil, and global economic recovery is losing  steam. People have reason to be concerned that the world economy might  slip into a crisis. At this critical juncture, tiding over difficulties  together and pursuing cooperation is the only way for us to forestall an  economic crisis. We should come together with a united purpose and  strengthen macroeconomic policy coordination. Major developed countries  should adopt responsible economic policies and avoid negative policy  spillovers that may take a heavy toll on developing countries. It has  been proved time and again that sanctions are a boomerang  and a double-edged sword. To politicize the global economy and turn it  into one’s tool or weapon, and willfully impose sanctions by using one’s  primary position in the international financial and monetary systems  will only end up hurting one’s own interests as well as those of others, and inflict suffering on everyone. 

Fourth, we should be inclusive and jointly expand openness and integration. For some time, however, economic globalization has faced headwinds and  countercurrents. There is widespread concern in the international  community that should such a tendency continue, the global economy will  become compartmentalized and mutually exclusive. Economic globalization  is a response to development of productivity and, as such, represents an  unstoppable historical trend. Anyone who attempts to turn back the  wheel of history and block others’ way will only have his own path  blocked. We should stay committed to openness and inclusiveness,  eliminate all barriers to the development of productivity, and steer  globalization in the right direction. This will boost the free flow of  capital and technology, unleash the full potential of innovation and  creativity, and foster synergy in boosting global economic growth. We  should uphold the WTO-centered multilateral trading system, remove  barriers to trade, investment and technology, and keep  the global economy open. We should promote extensive consultation and  joint contribution to deliver shared benefits, enhance global economic  governance, and increase the representation and say of emerging markets  and developing countries. This will ensure that all countries enjoy  equal rights, follow the rules as equals, and share equal opportunities.

President Xi stressed that this year, facing a complicated and challenging  domestic and international environment for development, China has risen  to various challenges and taken well-coordinated steps to respond to  COVID-19 and pursue economic and social development. Putting the people  and their lives first, we have protected people’s lives and health and  ensured overall stable performance in economic and social development to  the maximum extent possible. We will step up macroeconomic policy  adjustment, and adopt more forceful measures to deliver the economic and  social development goals for the whole year. In the second half of this  year, the Communist Party of China will convene its 20th National  Congress, which will chart the course for the next phase of China’s  development. We will ground our efforts in the new development stage, follow the new development philosophy, foster a new development paradigm  and strive to achieve high-quality development. China will continue  to pursue opening-up against higher standards, develop new systems for a  higher-standard open economy, and continue to foster a market- and  law-based and internationalized business environment. I warmly welcome  you to invest and do business in China, strengthen business cooperation  with China, and share in China’s development opportunities.

President  Xi pointed out that the BRICS mechanism is an important  cooperation platform for emerging markets and developing  countries. BRICS cooperation has now entered a new stage of high-quality  development. He expressed hope that business leaders will continue to  act with tenacity and in a pioneering spirit, and champion  open, innovative and shared development so as to add new impetus to  BRICS cooperation. and deliver more benefits of development to everyone  in a more equitable way. As long as we hoist high the sail of mutual  benefit and win-win and keep a steady hand on the tiller of solidarity  and cooperation, we will break waves and steer the giant ship of BRICS  countries toward a brighter future!

The  2022 BRICS Business Forum was held in an online plus offline format in  Beijing on June 22. South African President Cyril Ramaphosa, Brazilian  President Jair Bolsonaro, Russian President Vladimir Putin and Indian  Prime Minister Narendra Modi attended and addressed the opening  ceremony. About 1,000 economic and trade ministers, envoys to China and  representatives from the business community were present at the  ceremony.

The opening ceremony was hosted by Hu Chunhua.

(Source: Ministry of Foreign Affairs of the People's Republic of China)