Xi Attended Opening Ceremony of BRICS Business Forum, Delivered Keynote Speech
2022-06-23 10:00

On the evening of June 22nd, President Xi attended the opening ceremony of BRICS Business Forum by video and delivered a keynote speech entitled "Keep Abreast of the Trend of the Times to Shape a Bright Future".


Xi pointed out that at present, the changes in the world in the past century and the epidemic situation in the century are intertwined, various security challenges emerge one after another, the recovery of the world economy is struggling, and global development has suffered serious setbacks. Where does the world go? Peace or war? Development or recession? Open or closed? Cooperation or confrontation? It is the question of the times before us.


Xi emphasized that the long river of history is sometimes calm and sometimes choppy, but it always rushes forward. Although the international situation is changing, the historical trend of open development will not change, nor will the desire to work together to meet challenges. We should not be afraid of floating clouds to cover our eyes, accurately understand the law of historical development, not be confused by temporary events, not be afraid of risks, face challenges bravely, and move forward bravely towards the goal of building a community with shared future for mankind.


First, we should embrace solidarity and coordination and jointly maintain world peace and stability. We in China believe that "history, if not forgotten, can serve as a guide for the future". In the past century, humanity have gone through the scourge of two world wars and the dark shadow of the Cold War. 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. The Ukraine crisis is another wake-up call for all in the world. It reminds us that 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. History tells us that peace, which is the common cause of humanity, should be pursued and defended by all. Only when we all cherish and uphold peace and never forget the painful lessons of war can there be hope of peace. Facing a volatile and unstable world, 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. Development holds the key to solving various difficult problems and delivering better lives to the people. Today, the global development process has hit major roadblocks, the momentum of international development cooperation is being weakened, and development gap between the North and the South keeps widening. As a result, the global efforts to implement the UN's 2030 Agenda for Sustainable Development have suffered major setbacks. 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.


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 to prevent the slowdown and even halt of the global recovery. 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. The rapid economic globalization that we have seen since the end of the Cold War has greatly boosted the movement of goods and capital and advances in technology and civilization. A more open and inclusive world will create greater development opportunities for all and deliver a more prosperous future for all. For some time, however, economic globalization has faced headwinds and countercurrents. Some countries attempt to decouple with others, sever supply chains and build "a small yard with high fences". 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. As an ancient Chinese saying goes, "Constant piling up of earth makes Mount Tai great; ceaseless inflow of rivers makes the ocean deep." Inclusiveness, shared benefits and win-win outcomes is what we should pursue. 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.


Xi emphasized that since the beginning of this year, facing the complicated and severe development environment at home and abroad, China has insisted on coordinating epidemic prevention and control and economic and social development, upholding people's supremacy and life's supremacy, protecting people's lives and health to the greatest extent, and stabilizing the basic situation of economic and social development to the greatest extent. China will intensify macro-policy adjustment and take more effective measures to strive to achieve the annual economic and social development goals. In the second half of the year, we will hold the 20th National Congress of the Communist Party of China to draw a blueprint for China's development in the next stage. China will base itself on the new development stage, implement the new development concept, actively build a new development pattern and strive to achieve high-quality development. China will continue to improve the level of opening to the outside world, build a new open economic system at a higher level, and continue to create a market-oriented, legal and international business environment. Warmly welcome all of you to invest in China, strengthen economic and trade cooperation and share development opportunities.


Xi pointed out that the BRICS cooperation mechanism is an important platform for cooperation between emerging market countries and developing countries. At present, BRICS cooperation has entered a new stage of high-quality development. It is hoped that entrepreneurs will carry forward the spirit of perseverance and courage, be promoters of open development, leaders of innovative development and practitioners of shared development, and refuel BRICS cooperation, so that the development results will benefit all the people more fairly. As long as we hold high the sail of mutual benefit and win-win and stabilize the rudder of unity and cooperation, the BRICS ship will surely ride the wind and waves and sail to a brighter and better shore.


The 2022 BRICS Business Forum was held in Beijing on June 22nd by combining online and offline. South African President, Brazilian President, Russian President and Indian Prime Minister attended the opening ceremony of the forum and delivered speeches. About 1,000 people attended the meeting, including BRICS economic and trade ministers, diplomatic envoys in China and representatives of business circles.


Hu Chunhua presided over the opening ceremony.