Chinese leader proposed developing a new approach to great power relations in the modern era
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China's Chairman Xi Jinping stated that confrontation between the United States and China will result in mutual losses for both countries. According to him, mutual support and prosperity will allow Beijing and Washington to develop a new approach to great power relations in a new era.
The statement was made against the backdrop of intensifying tensions between the world's two largest economies.
Xi Jinping warned that confrontation between the United States and China will result in mutual losses for both powers and will not bring victory to anyone. The Chinese leader called for abandoning escalation and moving towards cooperation and mutual support instead of conflict.
The position of the Chinese leader may influence the course of trade negotiations and sanctions policy, which directly affect the prices of imported goods and currency exchange rates for Russian consumers and businesses. If the conflict between the United States and China escalates, it will strike at the global economy and may intensify global volatility, on which your investments and salaries depend.
Mehmet Yılmaz