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, Britain to Withdraw Staff from Embassies in Iran

 Smoke rises following an Israeli attack on the IRIB building, the country's state broadcaster, in Tehran, Iran, June 16, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
Smoke rises following an Israeli attack on the IRIB building, the country's state broadcaster, in Tehran, Iran, June 16, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
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Switzerland, Britain to Withdraw Staff from Embassies in Iran

 Smoke rises following an Israeli attack on the IRIB building, the country's state broadcaster, in Tehran, Iran, June 16, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
Smoke rises following an Israeli attack on the IRIB building, the country's state broadcaster, in Tehran, Iran, June 16, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters

Switzerland said it was closing the embassy in view of the “intensity of military operations” and the unstable situation on the ground.  

The government in Bern said Friday that all expatriate staff safely left Iran and will return to Tehran as soon as the situation allows. 

Since Tehran and Washington don’t have diplomatic relations, Switzerland has looked out for America’s interests in Iran since the 1979 US Embassy hostage crisis.  

In its statement Friday, the Swiss government said it will continue to act as an intermediary transmitting communications “as and when both parties consider appropriate.” 

Britain also said it was temporarily withdrawing UK staff from its embassy in Iran due to the ongoing security situation there.

"We have taken the precautionary measure to temporarily withdraw UK staff from Iran. Our embassy continues to operate remotely," Britain said on its travel advice website page for Iran.

Israel and Iran have been in conflict since last week after Israel launched military strikes on Iran, which retaliated with waves of missiles.

British foreign minister David Lammy has been urging the two sides to find a diplomatic solution and is in Geneva on Friday for nuclear talks with Iran and European counterparts.