His comments come at a time of simmering tensions between China and the U.S. over Taiwan and as fears escalate over a possible Russian incursion into Ukraine.
" crackdown on U.S.-listed China stocks could be interpreted as the early stages of a Cold War.
Economist Stephen Roach told CNBC in July last year that tensions between the U.S. and China could get to levels not seen since the early 1970s. China claims Taiwan is part of its own territory and has been putting pressure on the democratic island to accept its rule. Taiwan's leaders, conversely, argue it is a sovereign state.Xi's special address at the World Economic Forum's virtual event touched on a range of issues, including a call to embrace international cooperation to jointly defeat the coronavirus pandemic and a bid to reassure those concerned about the Beijing Winter Olympics.
Xi said he was confident of a"streamlined, safe and splendid" Games even as the country continues to implement a"zero-Covid" policy. The event is scheduled to start next month.postponed its in-person annual gathering— Don't miss Geoff Cutmore's discussion with ECB President Christine Lagarde, Brazilian Economy Minister Paulo Guedes, IMF MD Kristalina Georgieva and India's Finance Minister Sri Mulyani Indrawati at 7.30 a.m. ET Friday.
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