Davos Summit: President Xi Jinping speaks against confrontation, 'hegemony and bullying'

Chinese President Xi Jinping said that the world needs to discard the Cold War mentality and seek peaceful coexistence and win-win outcomes.

Beijing: The world needs to discard Cold War mentality and seek peaceful coexistence and win-win outcomes, Chinese President Xi Jinping said on Monday emphasising that the world is far from being tranquil and "rhetorics that stoke hatred and prejudice abound".

"We need to discard Cold War mentality and seek peaceful coexistence and win-win outcomes. Our world today is far from being tranquil, rhetorics that stoke hatred and prejudice abound. Acts of containment, suppression or confrontation arising thereof do all harm, not the least good to world peace and security," said Xi during his virtual address at Davos Agenda of the World Economic Forum.

The Chinese President also spoke against "protectionism and unilateralism" besides "hegemony and bullying." "History has proved time and again that confrontation does not solve problems, it only invites catastrophic consequences. Protectionism and unilateralism can protect no one, they ultimately hurt the interests of others as well as one`s own."