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font-style: italic; color: grey; line-height: 23px; } .tt-post { border: 0px solid #489bd4 !important; -webkit-box-shadow: 0 0px 0 0 #eaeaea !important; -moz-box-shadow: 0 0px 0 0 #eaeaea !important; box-shadow: 0 0px 0 0 #eaeaea !important; } @media only screen and (min-width: 769px) { .relatedsingle{ height: 396px; } .h1, .h2, .h3, h1, h2, h3, .tt-title-text{ margin-top: 0px !important; margin-bottom: 0px !important; } } #fkgUBk { display: none; } </style> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:description" content="Xi says efforts are needed to stabilise global supply chains and maintains that China's economy is resilient and that its long-term trend has not changed" /> <meta name="twitter:title" content="Xi Jinping Rails Against Sanctions in Boao Forum Speech" /> <meta name="twitter:site" content="@ATFinancial_" /> <meta name="twitter:image" content="https://www.asiafinancial.com/wp-content/uploads/2022/01/000_1681X3-compressed-scaled-e1647483232636.jpg" /><script type="application/ld+json">{ "@context": "http:\/\/schema.org", "@type": "newsarticle", "inLanguage": "en", "url": "https:\/\/www.asiafinancial.com", "articleBody": " \r\n\r\nChinese leader Xi Jinping on Thursday reiterated China's opposition to unilateral sanctions, such as those imposed on Russia due to its invasion of Ukraine.\r\n\r\nXi said he opposed so-called "long-arm jurisdiction," as practised by the US and its allies. US sanctions have also been imposed on Chinese officials, including the incoming <a href="https:\/\/www.asiafinancial.com\/tycoons-back-beijing-choice-lee-for-top-hong-kong-job"><strong>chief executive of Hong Kong, John Lee<\/strong><\/a>.\r\n\r\nChina has repeatedly criticised western sanctions, including those against Russia over its invasion of Ukraine, but has also been careful not to provide assistance to Moscow that could lead to <strong><a href="https:\/\/www.asiafinancial.com\/us-will-absolutely-sanction-chinese-firms-that-bust-russia-sanctions">sanctions being imposed on Beijing<\/a><\/strong>.\r\n\r\nBut Xi said "de-coupling" and pressure tactics such as cutting off of supply chains will not work.\r\n\r\nDuring a video speech to the annual <strong><a href="https:\/\/english.boaoforum.org\/">Boao Forum for Asia<\/a><\/strong> gathering on the southern Chinese island of Hainan, Xi also said that efforts are needed to stabilise global supply chains.\r\n\r\nHe maintained that China's economy is resilient and that its long-term trend had not changed.\r\n\r\nChina's economy is facing headwinds from the impact of its aggressive efforts to battle outbreaks of the Omicron variant of Covid-19, especially in its economic hub of Shanghai.\r\n\r\n \r\n<h3>New Security Concept<\/h3>\r\nPresident Xi also proposed a "global security initiative" that upholds the principle of "indivisible security" \u2013 a concept also endorsed by Russia, but he gave no details on how it would be implemented.\r\n\r\nXi said that the world should respect the sovereignty and territorial integrity of all countries, while paying attention to the "legitimate" security concerns of all.\r\n\r\n"We should uphold the principle of indivisibility of security, build a balanced, effective and sustainable security architecture, and oppose the building of national security on the basis of insecurity in other countries," Xi told the gathering.\r\n\r\nIn talks over Ukraine, Russia has insisted that Western governments respect a 1999 agreement based on the principle of "indivisible security" that no country can strengthen its own security at the expense of others.\r\n\r\n<a href="https:\/\/www.asiafinancial.com\/russia-and-china-announce-broad-new-partnership-to-counter-us-on-key-issues"><strong>China and Russia have grown increasingly close<\/strong><\/a>, and China has refused to condemn Russia's February 24 invasion of Ukraine, which Moscow calls a "special operation" to demilitarise the country. China has blamed the Ukraine crisis on NATO's eastward expansion.\r\n\r\nAnalysts note that this is the first time China has argued for "indivisible security" outside the context of the Russia-Ukraine crisis, with implications on US actions in Asia.\r\n\r\n"If China deems actions by [the] US and its allies on Taiwan or the South China Sea as disregarding its security concerns, it could evoke the concept of 'indivisible security' to claim the moral high ground in retaliation," Li Mingjiang, an associate professor at the S. Rajaratnam School of International Studies in Singapore, said.\r\n\r\nWang Jiangyu, a law professor at the City University of Hong Kong, said by evoking the concept of "indivisible security", which had originated from Europe, China could hope to make its actions in defence of its core interests appear more legitimate to other countries.\r\n\r\nXi said efforts are needed to stabilise global supply chains, but also said China's economy is resilient and that its long-term trend had not changed.\r\n\r\n \r\n<ul>\r\n \t<li>Reuters, with additional editing by George Russell<\/li>\r\n<\/ul>\r\nFurther details, on the security concept, were added to this report on April 21, 2022.\r\n\r\n \r\n<h3>READ MORE:<\/h3>\r\n<h3><\/h3>\r\n<h3><a href="https:\/\/www.asiafinancial.com\/ukraine-sanctions-risk-puts-china-stocks-in-valuation-trap-scmp">Ukraine Sanctions Risk Puts China Stocks in Valuation Trap – SCMP<\/a><\/h3>\r\n<h3><\/h3>\r\n<h3><a href="https:\/\/www.asiafinancial.com\/china-data-to-show-sharp-march-deterioration-as-covid-rages">China Data to Show Sharp March Deterioration as Covid Rages<\/a><\/h3>\r\n<h3><\/h3>\r\n<h3><a href="https:\/\/www.asiafinancial.com\/xi-jinping-sticks-with-tough-covid-stance-despite-public-anger">Xi Jinping Sticks With Tough Covid Stance Despite Public Anger<\/a><\/h3>\r\n \r\n\r\n ", "articleSection": "China-US Economic Ties", "mainEntityOfPage": { "@type": "WebPage", "url": "https:\/\/www.asiafinancial.com\/xi-jinping-rails-against-sanctions-in-boao-forum-speech" }, "headline": "Xi Jinping Rails Against Sanctions in Boao Forum Speech", "description": "Xi says efforts are needed to stabilise global supply chains and maintains that China's economy is resilient and that its long-term trend has not changed", "datePublished": "2022-04-21T02:55:47+00:00", "dateModified": "2022-04-21T10:36:21+00:00", "publisher": { "@type": "Organization", "name": "Asia Financial", "logo": { "@type": "ImageObject", "url": "https:\/\/www.asiafinancial.com\/wp-content\/themes\/atf\/images\/AF-logo-small.png", "width": "640", "height": "97" } }, "author": { "@type": "Person", "name": "Asia Financial" }, "image": { "@type": "ImageObject", "url": "https:\/\/www.asiafinancial.com\/wp-content\/uploads\/2022\/01\/000_1681X3-compressed-scaled-e1647483232636.jpg" } }</script> <script async src="https://www.googletagmanager.com/gtag/js?id=G-CNH68EHNDT"></script> <script> window.dataLayer = window.dataLayer || []; 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GREG BAKER / POOL / AFP" loading="lazy" sizes="100vw" /> <figcaption style="line-height: 17px; font-size: 12px; font-weight: 500; margin-top: 10px; color: #aaaaaa;"> Xi Jinping said "de-coupling" and pressure tactics such as cutting off of supply chains will not work. Photo: Reuters. </figcaption> </figure> </div> <div class="content"> <p> </p> <p>Chinese leader Xi Jinping on Thursday reiterated China’s opposition to unilateral sanctions, such as those imposed on Russia due to its invasion of Ukraine.</p> <p>Xi said he opposed so-called “long-arm jurisdiction,” as practised by the US and its allies. US sanctions have also been imposed on Chinese officials, including the incoming <a href="https://www.asiafinancial.com/tycoons-back-beijing-choice-lee-for-top-hong-kong-job"><strong>chief executive of Hong Kong, John Lee</strong></a>.</p> <p>China has repeatedly criticised western sanctions, including those against Russia over its invasion of Ukraine, but has also been careful not to provide assistance to Moscow that could lead to <strong><a href="https://www.asiafinancial.com/us-will-absolutely-sanction-chinese-firms-that-bust-russia-sanctions">sanctions being imposed on Beijing</a></strong>.</p> <p>But Xi said “de-coupling” and pressure tactics such as cutting off of supply chains will not work.</p> <p>During a video speech to the annual <strong><a href="https://english.boaoforum.org/">Boao Forum for Asia</a></strong> gathering on the southern Chinese island of Hainan, Xi also said that efforts are needed to stabilise global supply chains.</p> <p>He maintained that China’s economy is resilient and that its long-term trend had not changed.</p> <p>China’s economy is facing headwinds from the impact of its aggressive efforts to battle outbreaks of the Omicron variant of Covid-19, especially in its economic hub of Shanghai.</p> <p> </p> <h3>New Security Concept</h3> <p>President Xi also proposed a “global security initiative” that upholds the principle of “indivisible security” – a concept also endorsed by Russia, but he gave no details on how it would be implemented.</p> <p>Xi said that the world should respect the sovereignty and territorial integrity of all countries, while paying attention to the “legitimate” security concerns of all.</p> <p>“We should uphold the principle of indivisibility of security, build a balanced, effective and sustainable security architecture, and oppose the building of national security on the basis of insecurity in other countries,” Xi told the gathering.</p> <p>In talks over Ukraine, Russia has insisted that Western governments respect a 1999 agreement based on the principle of “indivisible security” that no country can strengthen its own security at the expense of others.</p> <p><a href="https://www.asiafinancial.com/russia-and-china-announce-broad-new-partnership-to-counter-us-on-key-issues"><strong>China and Russia have grown increasingly close</strong></a>, and China has refused to condemn Russia’s February 24 invasion of Ukraine, which Moscow calls a “special operation” to demilitarise the country. China has blamed the Ukraine crisis on NATO’s eastward expansion.</p> <p>Analysts note that this is the first time China has argued for “indivisible security” outside the context of the Russia-Ukraine crisis, with implications on US actions in Asia.</p> <p>“If China deems actions by [the] US and its allies on Taiwan or the South China Sea as disregarding its security concerns, it could evoke the concept of ‘indivisible security’ to claim the moral high ground in retaliation,” Li Mingjiang, an associate professor at the S. Rajaratnam School of International Studies in Singapore, said.</p> <p>Wang Jiangyu, a law professor at the City University of Hong Kong, said by evoking the concept of “indivisible security”, which had originated from Europe, China could hope to make its actions in defence of its core interests appear more legitimate to other countries.</p> <p>Xi said efforts are needed to stabilise global supply chains, but also said China’s economy is resilient and that its long-term trend had not changed.</p> <p> </p> <ul> <li>Reuters, with additional editing by George Russell</li> </ul> <p>Further details, on the security concept, were added to this report on April 21, 2022.</p> <p> </p> <h3>READ MORE:</h3> <h3></h3> <h3><a href="https://www.asiafinancial.com/ukraine-sanctions-risk-puts-china-stocks-in-valuation-trap-scmp">Ukraine Sanctions Risk Puts China Stocks in Valuation Trap – SCMP</a></h3> <h3></h3> <h3><a href="https://www.asiafinancial.com/china-data-to-show-sharp-march-deterioration-as-covid-rages">China Data to Show Sharp March Deterioration as Covid Rages</a></h3> <h3></h3> <h3><a href="https://www.asiafinancial.com/xi-jinping-sticks-with-tough-covid-stance-despite-public-anger">Xi Jinping Sticks With Tough Covid Stance Despite Public Anger</a></h3> <p> </p> <p> </p> <div class="tags"> Tags: <a href="https://www.asiafinancial.com/tag/china-economy" rel="tag">China Economy</a><a href="https://www.asiafinancial.com/tag/russian-invasion-of-ukraine" rel="tag">Russian invasion of Ukraine</a> </div> <div class="author-box"> <div class="profile_images"><img alt="" src="https://www.asiafinancial.com/wp-content/uploads/2021/05/avatar_user_232_1622021386.jpeg?img" class="avatar avatar-96 photo imgauthor" height="96" width="96"></div> <div class="author-content"> <h3><a href="https://www.asiafinancial.com/author/george">George Russell </a></h3> <p style="font-size: 14px;"> George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. 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