Xi Jinping: There are no winners in tariff wars and trade wars. Bullying and tyranny will only isolate oneself.

Odaily News In his keynote speech at the opening ceremony of the Fourth Ministerial Conference of the China-Latin America Forum, Xi Jinping pointed out that at present, the world is undergoing a century-old transformation that is accelerating, and multiple risks are intertwined and superimposed. Only through solidarity and cooperation can countries maintain world peace and stability and promote global development and prosperity. There are no winners in tariff wars and trade wars, and bullying and tyranny will only isolate oneself. China and Latin American and Caribbean countries are important members of the global South. Independence is our glorious tradition, development and revitalization is our natural right, and fairness and justice are our common pursuits. Faced with the undercurrents of geopolitics and camp confrontation, and the growth of unilateralism and protectionism, China is willing to work with Latin American countries to launch five major projects, jointly seek development and revitalization, and build a community with a shared future for China and Latin America. (Xinhua News Agency)