Xi at G20: Drawing Ideological Lines Obstructs Advancement of Humankind

Chinese President Xi Jinping waves during a press event to introduce the new members of the Chinese Politburo at the Great Hall of the People in Beijing on Oct. 25, 2017. (AP)
Chinese President Xi Jinping waves during a press event to introduce the new members of the Chinese Politburo at the Great Hall of the People in Beijing on Oct. 25, 2017. (AP)
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Xi at G20: Drawing Ideological Lines Obstructs Advancement of Humankind

Chinese President Xi Jinping waves during a press event to introduce the new members of the Chinese Politburo at the Great Hall of the People in Beijing on Oct. 25, 2017. (AP)
Chinese President Xi Jinping waves during a press event to introduce the new members of the Chinese Politburo at the Great Hall of the People in Beijing on Oct. 25, 2017. (AP)

Chinese President Xi Jinping on Tuesday asked the G20 wealthy nations to contain the fallout from interest rate hikes, as the US Federal Reserve moves aggressively to fight inflation.

He also cautioned that drawing ideological lines obstructs the advancement of humankind.

"We must contain global inflation and resolve systematic risks in the economy and finance," Xi told a summit of the 20 major economies taking place in Bali.

"Developed economies should reduce the negative spillover effects of their monetary policy adjustments and stabilize debts at a sustainable level," he said.

The Federal Reserve has raised interest rates to their highest level since before the 2008 financial crisis as it seeks to tighten money supply in an effort to wrestle back inflation.

The US monetary stance has pushed the dollar up to levels not seen in two decades, causing distress for developing economies that rely on exports or that are trying to curb inflation themselves.

Xi, on only his second overseas trip since the pandemic, was addressing the summit a day after meeting US President Joe Biden.

The talks with Biden were strikingly friendly, with the two leaders both indicating they would like to ease tensions that have soared in recent months.

The White House said that Xi and Biden agreed against any use of nuclear weapons in Ukraine, as the United States seeks to encourage distance between Beijing and its nominal ally in Moscow.

"We must firmly oppose politicization, instrumentalization and weaponization of food and energy problems," Xi said.

He also repeated his familiar opposition to Western sanctions and warned against aggravating differences among countries.

"Drawing ideological lines and stirring up opposition among political blocs and factions will only divide the world and obstruct the advancement of humankind," he said.



Switzerland to Enact Hamas Ban from May 15

FILED - 08 February 2025, Palestinian Territories, Deir al-Balah: Fighters of the Ezz al-Din Al-Qassam brigades, the military wing of Hamas form a corridor as Israeli hostages get delivered to representatives of the International Committee of the Red Cross (ICRC). Photo: Abed Rahim Khatib/dpa
FILED - 08 February 2025, Palestinian Territories, Deir al-Balah: Fighters of the Ezz al-Din Al-Qassam brigades, the military wing of Hamas form a corridor as Israeli hostages get delivered to representatives of the International Committee of the Red Cross (ICRC). Photo: Abed Rahim Khatib/dpa
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Switzerland to Enact Hamas Ban from May 15

FILED - 08 February 2025, Palestinian Territories, Deir al-Balah: Fighters of the Ezz al-Din Al-Qassam brigades, the military wing of Hamas form a corridor as Israeli hostages get delivered to representatives of the International Committee of the Red Cross (ICRC). Photo: Abed Rahim Khatib/dpa
FILED - 08 February 2025, Palestinian Territories, Deir al-Balah: Fighters of the Ezz al-Din Al-Qassam brigades, the military wing of Hamas form a corridor as Israeli hostages get delivered to representatives of the International Committee of the Red Cross (ICRC). Photo: Abed Rahim Khatib/dpa

A new Swiss law banning Hamas and related organizations will come into force on May 15, the government said on Wednesday, aiming to prevent the Palestinian militant group from using Switzerland as a safe haven by making entry bans or expulsions easier to arrange.
The law, which was approved by parliament last December and came in the wake of Hamas' attack on Israel on October 7, 2023, gives Swiss authorities "the necessary tools to take action against Hamas activities or support for the organization in Switzerland," the government said, according to Reuters.
The Gaza war started after Hamas' attack which killed 1,200 people and resulted in 251 hostages being taken to Gaza, according to Israeli tallies. Since then, Israel's offensive on the enclave has killed more than 52,000, according to local Palestinian health officials.
The Swiss law enables preventive police measures such as entry bans or expulsions, and also makes it more difficult for Hamas to use Switzerland as a financial hub for its activities.