China supports the holding of an international peace conference on Ukraine, but wants Russia to participate in it. This was stated by Chinese President Xi Jinping, Reuters reports.

During a meeting with German Chancellor Olaf Scholz in Beijing, Xi Jinping called on all parties to work together to "restore peace as soon as possible and prevent the conflict from spiraling out of control."

Xi Jinping told Scholz that China supports all efforts for a peaceful settlement, as well as an international peace conference recognized by both Russia and Ukraine, with equal participation of all parties.

In addition, the Chinese president proposed four principles for resolving the war in Ukraine.

Xi Jinping stated that priority should be given to "maintaining peace, stability and refraining from seeking self-interest." It is also necessary to "cool down the situation," he said.

In addition, conditions should be created to restore peace and refrain from further escalation of tensions.

"We must reduce the negative impact on the global economy and refrain from undermining the stability of global industrial and supply chains," Xi Jinping said.