London Daily

Focus on the big picture.
Wednesday, Sep 02, 2026

China's Xi Jinping Warns Of "Catastrophic Consequences" Of Confrontation

China's Xi Jinping Warns Of "Catastrophic Consequences" Of Confrontation

Chinese President Xi Jinping presented himself as the defender of multilateralism and also gave sober warnings for the future in a speech which was streamed online, as relations between major powers plunge
Chinese President Xi Jinping warned on Monday that confrontation between major powers could have "catastrophic consequences" in a speech to world leaders at an all-virtual Davos forum.

For the second year in a row the face-to-face gathering of political and corporate power players in the Swiss Alps has had to go online thanks to a coronavirus pandemic that shows no sign of abating.

Xi opened proceedings with a speech much like the one he delivered virtually last year.

He touted China -- where the coronavirus first emerged in late 2019 -- as a rare pandemic success story and the only major economy to continue posting strong growth.

He presented himself as the defender of multilateralism and also gave sober warnings for the future as relations between major powers plunge.

"Our world today is far from the tranquil, rhetoric that stokes hatred and prejudice abound," he said, according to an official translation of the speech which was streamed online.

"History has proved time and again that confrontation does not solve problems, it only invites catastrophic consequences," he added.

China stuck to a strict policy of targeting zero Covid cases once it stamped out its initial outbreak.

Its borders remain largely closed to outsiders but it has remained the world's vital manufacturing base throughout the pandemic.

In his speech to the World Economic Forum in Davos, Xi said the world had fought a "tenacious battle" against the "once in a century pandemic".

But he said the pandemic was "proving a protracted one" with new variants spreading faster than before, deepening challenges for the global economy.

"The global industrial supply chains have been disrupted," Xi warned. "Commodity prices continue to rise, energy supply remains tight."

He added that China was keen "for people-to-people exchange in a bid to facilitate cross border trade, keep the industrial supply chain secure and smooth, and promote steady and solid progress in global economic recovery".

But there were no announcements in the speech on when or whether Beijing might relax its tight border controls.

China has remained comparatively free of the coronavirus but is currently battling a spate of local outbreaks in multiple provinces and key cities just weeks before it hosts the Winter Olympics in Beijing.

Xi is also moving to secure a third term at a major gathering of the Communist Party this autumn and has made clear stability must remain a priority.
Newsletter

Related Articles

0:00
0:00
Close
UK Business Confidence Improves but Remains Deeply Negative
Aberdeen Hydrogen Bus Sale Recovers Just Six Pence for Every Pound Invested
Which? Exposes Booking.com Verification Failures With Fake 10 Downing Street Listing
British Business Bank Invests Up to £46 Million in Deep-Tech Startup Fund
Scottish Government Puts Violence Against Women at Center of Legislative Program
FCA Eases UK IPO Rules to Strengthen London’s Listing Market
UK Likely to Avoid Next US Tariff Measures as Washington Targets EU
Macron Visits UK for Bayeux Tapestry Exhibition and Border Security Talks
British Chambers of Commerce Cuts UK Growth Outlook to 1% for 2026 and 2027
Keir Starmer Resigns as MP for Holborn and St Pancras, Triggering By-Election
Prime Minister Andy Burnham Unveils Devolution and Cost-of-Living Agenda
UK Borrowing Costs Surge as 30-Year Gilt Yield Reaches 5.88%
Cleveland Police Receive £2 Million to Tackle Serious Crime in Middlesbrough
Number of Young People in England Without a Close Friend Reaches Record Level
Five Arrested After Newborn Baby Dies From Stab Wounds in Sheffield
Nigel Farage Faces Questions Over Reported Second Parliamentary Standards Investigation
UK Retirement Funding Requirement Rises by £64,000 Compared With 2021
UK House Prices Rise for First Time Since April, Nationwide Says
FCA Chief Faces Allegations of Intimidating Consumer Group Over £9 Billion Car Loan Inquiry
Scottish Government Presses Ahead With Cap on Essential Food Prices
Burnham Government Moves to Overhaul Early Prison Release Scheme
UK Records Hottest Summer on Record in 2026, Met Office Says
UK Government Announces Major Reset of Diplomatic Policy Towards Israel
UK Pushes Back After Trump Reopens Falkland Islands Sovereignty Dispute
Keir Starmer Resigns as MP, Triggering Holborn and St Pancras By-Election
Andy Burnham Blames Brexit for UK’s Decade of Weak Growth in First Commons Address
England Faces Renewed Scrutiny Over Sewage Discharges and Water Quality
Victoria Beckham Business Reports First Operating Profit Since Launch
BT Expects £2 Billion From Copper Sales During Full-Fibre Rollout
UK Train Drivers Secure 3.6% Pay Rise and Avert Strike Action
FCA Chief Faces Scrutiny Over Alleged Pressure on Consumer Group in Car Finance Case
Kemi Badenoch Names Andrew Griffith Shadow Chancellor in Conservative Reshuffle
UK House Prices Rise for First Time Since April
UK Shop-Price Inflation Accelerates to 1.5% in August
Met Office Data Point to Hottest UK Summer on Record
UK Announces Emergency Prison Release Measures and £110 Million Capacity Expansion
UK Launches Expanded Free School Meals and 1,400 Breakfast Clubs
Bank of England Governor Warns G20 of AI-Related Economic and Cyber Risks
Prime Minister Andy Burnham Calls for Greater Public Control of Water, Energy and Transport
UK Gains Full Access to £13 Trillion Trans-Pacific Trade Bloc
UK Long-Term Borrowing Costs Hit 28-Year High as Oil Shock Drives Global Bond Selloff
Royal Mail Keeps First-Class Stamps at £1.80 and Second-Class at 91p
Church of England Prepares Formal Apology Over Historical Forced Adoptions
UK Competition Regulator Caps Veterinary Prescription Fees at £21
UK Aviation Authorities Roll Out Airspace Changes to Reduce Flight Delays
England Makes School Allergy Policies Mandatory Under Benedict’s Law
England and Wales Tighten Child Safeguarding Checks by Removing Supervision Exemption
Cornwall Geothermal Plant Begins Commercial Power and Lithium Operations
UK Inflation Holds Near 2.9% as Energy Costs Remain a Risk
UK Productivity Growth Averages 1.1% Over Two Years, Resolution Foundation Says
×