Chinese President Xi Jinping on Globalization and Multilateral Trade

Chinese President Xi Jinping attends the WEF virtual event of the World Economic Forum on the Davos Agenda and delivers a special address via a video link in Beijing, the capital of China, on January 25, 2021.

Li Xueren | Xinhua News Agency | Getty Images

Chinese President Xi Jinping said on Tuesday that his country will not pursue hegemony no matter how powerful it is.

“No matter how strong it may grow, China will never seek hegemony, expansion or a sphere of influence, nor will China ever participate in an arms race,” Xi said at the Forum’s opening ceremony. annual Boao for Asia in the Chinese province of Hainan. .

Xi also promoted China as an advocate of globalization and the multilateral trading system.

Without naming any country, Xi said international rules should not be set by one or a few countries.

Relations between the United States and China began with a hard start under the administration of President Joe Biden.

Biden said last month that China has “a general goal of becoming the leading country, the richest country in the world and the most powerful country in the world.” Biden said he will not let this happen under his watch.

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