Xi Jinping Vows No Hegemony in China’s Approach to US, Aiming for Stable Ties

Share This Post

Xi Jinping Vows No Hegemony in China's Approach to US, Aiming for Stable Ties

On Wednesday, Chinese President Xi Jinping delivered a speech emphasizing China’s aspiration for harmonious ties with the United States. The Chinese head of state conveyed his vision of an enhanced “friendship in the new era” between the two influential countries. He firmly declared that “China will never pursue hegemony or expansion.”

Despite Reported Tensions, China’s Xi Promises No Expansion, Seeks Harmonious U.S. Relationship

During this week’s San Francisco meeting between U.S. President Joe Biden and Chinese President Xi Jinping, topics of bilateral relations were at the forefront. President Xi underscored China’s intention to cultivate amity with the U.S., stating that China’s approach to the China-U.S. dynamic will be rooted in “mutual respect.” He reiterated the belief that a “peaceful coexistence” is tantamount to “win-win cooperation.”

“​​Whatever stage of development it may reach, China will never pursue hegemony or expansion, and will never impose its will on others,” the Chinese leader said. “China does not seek spheres of influence, and will not fight a cold war or a hot war with anyone. China will remain committed to dialogue and oppose confrontation, and build partnerships instead of alliances.”

Xi Jinping Vows No Hegemony in China's Approach to US, Aiming for Stable Ties

Xi’s remarks present a stark contrast to the depiction commonly found in mainstream media, both in the Eastern and Western spheres. Take, for example, the issue of Taiwan: China views Taiwan as an integral part of its territory, exerting considerable diplomatic influence to discourage other countries from acknowledging Taiwan’s sovereignty. Xi has pledged to unify Taiwan with mainland China.

In the last 18 months, the tension has intensified, marked by Taiwan’s strengthening relationship with the United States. The U.S. has fortified its alliance with Taiwan, through actions like selling military equipment to Taiwan and participating in high-level diplomatic exchanges, further straining relations with China. Another significant point of contention has been the trade tariffs initiated during the Trump administration. Starting in July 2018, these tariffs, varying between 10% and 25%, were imposed on a vast array of Chinese imports.

These tariffs remain in effect under the Biden administration, despite calls from the American business sector for their removal. However, in the San Francisco meeting, Xi’s stance appeared significantly more amicable towards the United States. “We’ll be glad to see a confident, open, ever-growing and prosperous U.S.,” Xi stated in his speech. “Likewise, the United States should not bet against China, or interfere in China’s internal affairs. We should instead welcome a peaceful, stable, and prosperous China.”

Regarding currency dominance, the Chinese yuan has gained a favorable position within the BRICS (Brazil, Russia, India, China, and South Africa) coalition. This expansion has bolstered the yuan’s influence in worldwide commerce. Numerous sources indicate China’s advocacy for a shift in international trade practices, moving away from reliance on the U.S. dollar in favor of the Chinese yuan. However, in San Francisco, amidst speeches and numerous photo opportunities, topics such as Taiwan, trade tariffs, and “Yuanization” were notably absent from the diplomatic discussions.

What do you think about the Xi’s remarks about the U.S.? Share your thoughts and opinions about this subject in the comments section below.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

India Cracks Down on Binance-linked Crypto Exchange Crypto Exchanges for $85M Tax Evasion 

The post India Cracks Down on Binance-linked Crypto Exchange Crypto Exchanges for $85M Tax Evasion  appeared first on Coinpedia Fintech News India’s GST department has found a massive ₹72243

Ethereum Price Dips, But Analysts Predict Explosive Surge to $15,000—Here’s Why

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced another downturn in its price Following an earlier attempt at bullish momentum last week, Ethereum has

Australia’s New Crypto Rules Says Crypto Compliance No Longer Optional! 

The post Australia’s New Crypto Rules Says Crypto Compliance No Longer Optional!  appeared first on Coinpedia Fintech News Australia is making big changes to its crypto rules The Australian

Solana supply chain attack contained, but users face six-figure losses

A supply chain attack on the Solana network ecosystem was quickly contained during the past day On Dec 3, Anza, a Solana-focused development team, revealed that an account with publish access to the

Bitcoin ‘Well-Positioned’ To Break $100,000 Barrier Despite Short-Term Volatility: Report

According to a recent report by Bitfinex, Bitcoin (BTC) breaking through the psychologically significant $100,000 barrier will largely depend on the actions of two key holder cohorts –

XRP Price Prediction: Can It Break Through the $3 Barrier Before January?

The post XRP Price Prediction: Can It Break Through the $3 Barrier Before January appeared first on Coinpedia Fintech News XRP is currently caught in a consolidation phase, hovering around $26 after