In explaining the Global Security Initiative, the president said the legitimate security concerns of all countries must be taken seriously, and a balanced, effective and sustainable security architecture should be built.

He stressed the need to oppose the pursuit of one's own security at the cost of others' security, resolve differences and disputes between countries peacefully through dialogue and consultation, and support all efforts conducive to the peaceful settlement of crises.

It is important to reject double standards, oppose the wanton use of unilateral sanctions and long-arm jurisdiction, and maintain security in both traditional and non-traditional domains, he said, adding that the international community should work together on regional disputes and global challenges such as terrorism, climate change, cybersecurity and biosecurity.

The initiative came on the heels of the Global Development Initiative, proposed by Xi at a United Nations event in September, to advance sustained global growth, economic recovery and narrow gaps between different nations.

Xi mentioned challenges including the once-in-a-century pandemic, the emergence of new traditional security risks, the weak and faltering global economic recovery, and a widening development gap in his speech on Thursday.