China has repeatedly criticized Western sanctions, including those against Russia, but has also been careful not to help Moscow, which could lead to sanctions against Beijing.
During a video address at the annual meeting of the Boao Forum for Asia on the southern Chinese island of Hainan, Xi warned that economic “decoupling” and pressure tactics such as cutting supply chains would not work.
“China would like to propose a global security initiative” that upholds “the principle of indivisibility of security,” Xi said.
“We must uphold the principle of indivisibility of security, build a balanced, effective and sustainable security architecture and oppose the construction of national security based on insecurity in other countries.”
Russia has insisted that Western governments respect a 1999 agreement based on the principle of “indivisible security” that no country can enhance its own security at the expense of others.
China and Russia have become increasingly close and China has refused to condemn Russia’s invasion of Ukraine, which Moscow calls a “special operation”. China has attributed the crisis in Ukraine to NATO’s eastward expansion.
Xi said efforts are needed to stabilize global supply chains, but also said the Chinese economy is resilient and the long-term trend has not changed.
The Chinese economy is facing headwinds from the impact of its aggressive efforts to contain the spread of Covid-19, especially in the economic center of Shanghai. Xi did not mention the Covid crisis in China during the speech.