Chinese President Xi Jinping has said that there is a need to discard the Cold War mentality and seek peaceful coexistence and win-win outcomes.

Addressing the 2022 World Economic Forum (WEF) virtual session, the Chinese President further said that ‘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. History has proved time and again that confrontation does not solve problems; it only invites catastrophic consequences, Xi said.

The Chinese leader said that protectionism and unilateralism can protect no one; they ultimately hurt the interests of others as well as one's own. Even worse are the practices of hegemony and bullying, which run counter to the tide of history, he said.