China’s president warns that tensions in Asia-Pacific are reminiscent of the Cold War

The Chinese President, Xi Jinping, said today that the Asia Pacific region must not rekindle Cold War tensions, warning that attempts to “form small geopolitical circles” are destined to fail.

“The Asia-Pacific region cannot and must not return to the confrontational and divisive state of the Cold War”Xi said at the virtual summit of the executive directors of the Asia-Pacific Economic Cooperation Forum (APEC), which takes place in the New Zealand city of Auckland on November 11 and 12.

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The comments of Xi They occur in the midst of a geostrategic rivalry between China and the United States, as well as an increase in tensions in the region due to the announcement last September of the AUKUS defense pact between Washington, Canberra and London to stand up to the Asian giant in the region Indo-Pacific.

Xi also urged APEC leaders to facilitate trade and investment, maintain the stability and functioning of industrial and supply chains, as well as promote economic growth supported by sustainable development and an ecological transition in order to reduce energy losses. polluting emissions.

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“Without development, it will be impossible to gather the economic strength necessary to achieve the green transition, while neglecting people’s livelihoods will mean the loss of social support to pursue the green transition”remarked Xi, who did not attend the recent COP26 climate summit in the city of Glasgow.

In that first day of the most powerful businessmen of the Asia Pacific region, the participation of the Prime Minister of New Zealand, Jacinda Ardern, host of this year’s APEC, as well as the leaders of South Korea, Indonesia, was also scheduled. Peru, Singapore, Thailand and Vietnam.

This business summit in New Zealand focuses on post-covid economic recovery, digitization of the economy, free trade, green energy and climate change, as well as sustained growth and food security among other issues.

This event is a prelude to the summit of APEC leaders that represents 60% of world GDP and more than half of global trade, forms a market of some 2.85 billion consumers – 40% of the world population – and has as an objective to establish a free trade zone between the 21 member economies.

The economies that make up the APEC, founded in 1989, are: Australia, Brunei, Canada, Chile, China, South Korea, USA, Philippines, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Russia, Singapore, Taiwan, Thailand and Vietnam.

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