China will never seek hegemony: Xi after Biden’s cold war remark

By Business standard

Amidst escalating tension in ties with the US, Chinese President Xi Jinping on Tuesday said that disputes among countries “need to be handled through dialogue and cooperation” and urged world leaders to eschew “confrontation and exclusion.”

Addressing the high-level 76th UN General Assembly, President Jinping, via a video link, said that the world needs to advocate peace, development, equity, justice, democracy, and freedom, which are the common values of humanity and reject the practice of forming small circles or zero-sum games.

Xi said China would not build new coal-fired power projects abroad. He provided no details, but depending on how the policy is implemented, the move could significantly limit the financing of coal plants in the developing world. “China will step up support for other developing countries in developing green and low-carbon energy, and will not build new coal-fired power projects abroad,” Xi said in his pre-recorded video address at the annual UN gathering.

“Differences and problems among countries, hardly avoidable, need to be handled through dialogue and cooperation on the basis of equality and mutual respect.

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