The confrontation between great powers may have disastrous consequences, said Chinese President Xi Jinping.

His remarks came in a speech to world leaders at the World Economic Forum in Davos, which is taking place in a virtual format.

For the second year in a row, the face-to-face meeting of influential political and corporate players in the Swiss Alps was forced to take place online because of the coronavirus pandemic.

He said that the world is far from calm, rhetoric, hatred and prejudice abound and that history proved time and that confrontation did not solve problems, but only had disastrous consequences.

He said the world has waged a hard fight against a pandemic, but the pandemic proved to be protracted as new variants spread faster than before, exacerbating problems for the world economy.

Jinping called for closer global cooperation against COVID-19 and promised to send an additional 1 billion doses of vaccine to other countries, urging other powers to abandon their Cold War mentality.