Chinese President Xi Jinping Warns It Could Take Decades To Repair Economic Damage Caused By Ukraine Crisis

At a virtual summit with European Union leaders on Friday, Xi told European Commission President Ursula von der Leyen and European Council President Charles Michel that the crisis must be “handled properly”. “Many people are very concerned that the current situation could ruin the achievements of decades of international economic cooperation. If the situation continues to deteriorate, it is estimated that it may take years or even decades for it to recover,” Xi said in a statement. of the Chinese Ministry of Foreign Affairs. Do you have questions about the biggest issues and trends from around the world? Get answers with SCMP Knowledge, our new editorial content platform with explanations, frequently asked questions, analysis and graphs provided by our award-winning team. The EU later said it had urged Beijing not to “intervene” in sanctions on Russia, and while the two sides had agreed to work to end the conflict, they had expressed “opposing views” on the situation. Xi warns of chaotic response that will ‘tie the whole world to crisis [and means] “People of all countries will pay a heavy price.” “The more critical the situation, the more sobriety and calm is needed,” said the Chinese leader. “The current global economic structure is a framework shaped by the long-term efforts of all the countries of the world. All parties should appreciate this achievement and not easily influence the existing global economic system. “There must be no politicization, instrumentalization and arming of the world economy that causes serious crises in the world economies, trade, energy, science and technology, food, industry and supply chains.” Xi had talks with the heads of the European Commission and the Council. Photo: Xinhua alt = Xi had talks with the heads of the European Commission and the Council. Photo: Xinhua> The story goes on Von der Leyen said after the talks: “We have exchanged very clear opposing views. This is not a conflict. This is a war. This is not a European issue. This is a global issue.” He added: “We have made it very clear that China should, if not support, at least not interfere in our sanctions. [on Russia] and this equal distance is not enough. that an active commitment to peace is important and that each player has a role to play. “ Xi said China supported the EU’s efforts to find a political solution to the crisis and that Beijing would work with Europe to prevent a larger humanitarian crisis. Xi also backed the EU’s leadership role in talks with other parties, including the United States and NATO. Russia’s invasion of Ukraine has further strained China’s relations with the EU, which have already been damaged by sanctions over alleged human rights abuses in Xinjiang that led to the suspension of a major investment deal. China has not condemned Russia’s actions and there have also been reports that Moscow has asked China for military and financial assistance and assistance to circumvent sanctions. China has criticized the sanctions, warning that the crisis is already having a secondary effect on other countries. A comment posted on the Communist Party spokesman’s People’s social networking account warned of the impact on gas supplies. He said half of EU gas imports came from Russia and switching to US supplies would increase costs and increase delivery times. The EU-China summit split into two parts, the first of which was a two-hour discussion between Chinese Prime Minister Li Keqiang, von der Layen, Michel and EU foreign policy chief Josep Borrell. Li said China and Europe should work together to safeguard energy and food supplies and the stability of industrial and supply chains. This article first appeared in the South China Morning Post (SCMP), the most authoritative voice report on China and Asia for over a century. For more SCMP stories, explore the SCMP app or visit the SCMP Facebook and Twitter pages. Copyright © 2022 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2022. South China Morning Post Publishers Ltd. All rights reserved.

title: “Chinese President Xi Jinping Warns It Could Take Decades To Repair Economic Damage Caused By Ukraine Crisis " ShowToc: true date: “2022-11-12” author: “Rae Sutherland”

At a virtual summit with European Union leaders on Friday, Xi told European Commission President Ursula von der Leyen and European Council President Charles Michel that the crisis must be “handled properly”. “Many people are very concerned that the current situation could ruin the achievements of decades of international economic cooperation. If the situation continues to deteriorate, it is estimated that it may take years or even decades for it to recover,” Xi said in a statement. of the Chinese Ministry of Foreign Affairs. Do you have questions about the biggest issues and trends from around the world? Get answers with SCMP Knowledge, our new editorial content platform with explanations, frequently asked questions, analysis and graphs provided by our award-winning team. The EU later said it had urged Beijing not to “intervene” in sanctions on Russia, and while the two sides had agreed to work to end the conflict, they had expressed “opposing views” on the situation. Xi warns of chaotic response that will ‘tie the whole world to crisis [and means] “People of all countries will pay a heavy price.” “The more critical the situation, the more sobriety and calm is needed,” said the Chinese leader. “The current global economic structure is a framework shaped by the long-term efforts of all the countries of the world. All parties should appreciate this achievement and not easily influence the existing global economic system. “There must be no politicization, instrumentalization and arming of the world economy that causes serious crises in the world economies, trade, energy, science and technology, food, industry and supply chains.” Xi had talks with the heads of the European Commission and the Council. Photo: Xinhua alt = Xi had talks with the heads of the European Commission and the Council. Photo: Xinhua> The story goes on Von der Leyen said after the talks: “We have exchanged very clear opposing views. This is not a conflict. This is a war. This is not a European issue. This is a global issue.” He added: “We have made it very clear that China should, if not support, at least not interfere in our sanctions. [on Russia] and this equal distance is not enough. that an active commitment to peace is important and that each player has a role to play. “ Xi said China supported the EU’s efforts to find a political solution to the crisis and that Beijing would work with Europe to prevent a larger humanitarian crisis. Xi also backed the EU’s leadership role in talks with other parties, including the United States and NATO. Russia’s invasion of Ukraine has further strained China’s relations with the EU, which have already been damaged by sanctions over alleged human rights abuses in Xinjiang that led to the suspension of a major investment deal. China has not condemned Russia’s actions and there have also been reports that Moscow has asked China for military and financial assistance and assistance to circumvent sanctions. China has criticized the sanctions, warning that the crisis is already having a secondary effect on other countries. A comment posted on the Communist Party spokesman’s People’s social networking account warned of the impact on gas supplies. He said half of EU gas imports came from Russia and switching to US supplies would increase costs and increase delivery times. The EU-China summit split into two parts, the first of which was a two-hour discussion between Chinese Prime Minister Li Keqiang, von der Layen, Michel and EU foreign policy chief Josep Borrell. Li said China and Europe should work together to safeguard energy and food supplies and the stability of industrial and supply chains. This article first appeared in the South China Morning Post (SCMP), the most authoritative voice report on China and Asia for over a century. For more SCMP stories, explore the SCMP app or visit the SCMP Facebook and Twitter pages. Copyright © 2022 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2022. South China Morning Post Publishers Ltd. All rights reserved.