China’s Xi says countries share responsibility to promote growth, opposes decoupling

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China’s Xi says countries share responsibility to promote growth, opposes decoupling
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Chinese President Xi Jinping said Beijing opposes 'decoupling and breaking links,' according to a CNBC translation of a Chinese-language state media readout.

Chinese President Xi Jinping said Tuesday that Beijing opposes "decoupling and breaking links," according to a CNBC translation of a Chinese-language state media readout.His remarks come ahead of U.S. Treasury Secretary Janet Yellen's scheduled visit to China this coming Thursday to Sunday.

Chinese President Xi Jinping waves after his speech as the new Politburo Standing Committee members meet the media following the 20th National Congress of the Communist Party of China, at the Great Hall of the People in Beijing, China October 23, 2022.said Tuesday that Beijing opposes "decoupling and breaking links," according to a CNBC translation of a Chinese-language state media readout.

Promoting economic growth is the shared responsibility of countries in the region, Xi said, per the report of his remarks at a virtual summit of the Shanghai Cooperation Organization. The SCO is a political, security and trade alliance whose members are China, India, Russia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan and Uzbekistan. The group also has "observer states" andChina is willing to work with all parties to implement the Global Development Initiative, and make the "cake" bigger so that people in different countries can benefit, the state media report of Xi's remarks said. Xi proposed thein 2021. It claims to include efforts to support U.N.

The country opposes protectionism, unilateral sanctions and generalizing the concept of national security, the report also said Tuesday.

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