Evelyn Cheng
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Chinese President Xi Jinping<\/a> said Tuesday that Beijing opposes \u201cdecoupling and breaking links,\u201d according to a CNBC translation of a Chinese-language state media readout.<\/p>\n\n\n\n Promoting economic growth is the shared responsibility of countries in the region, Xi said, per the report of his remarks at a virtual summit of the Shanghai Cooperation Organization.<\/p>\n\n\n\n The SCO is a political, security and trade alliance whose members are China, India, Russia, Kazakhstan, Kyrgyzstan, Pakistan, Iran, Tajikistan and Uzbekistan. The group also has \u201cobserver states\u201d and \u201cdialogue partners,\u201d which Saudi Arabia<\/a> was promoted to in March.<\/p>\n\n\n\n China is willing to work with all parties to implement the Global Development Initiative, and make the \u201ccake\u201d bigger so that people in different countries can benefit, the state media report of Xi\u2019s remarks said. Xi proposed the Global Development Initiative to the United Nations<\/a> in 2021. It claims to include efforts to support U.N. goals for sustainable development.<\/p>\n\n\n\n The country opposes protectionism, unilateral sanctions and generalizing the concept of national security, the report also said Tuesday.<\/p>\n\n\n\n Xi\u2019s remarks come ahead of U.S. Treasury Secretary Janet Yellen\u2019s scheduled visit to China<\/a> this coming Thursday to Sunday. Yellen\u2019s visit follows U.S. Secretary of State Antony Blinken\u2019s high-stakes trip to Beijing<\/a> last month.<\/p>\n\n\n\n Tensions between the U.S. and China, the world\u2019s two largest economies, have escalated in recent years. Recent measures by both governments have centered on technology.<\/p>\n\n\n\n