The world’s two largest economic and military powers have pledged to coordinate their diplomatic leverage to bring an end to the protracted global conflicts in Eastern Europe and the Middle East, Xinhua reported. Following the conclusion of a historic two-day bilateral summit in Beijing between Chinese President Xi Jinping and US President Donald Trump, Chinese Foreign Minister Wang Yi confirmed that both capitals are investing “significant efforts” to spearhead immediate peace negotiations.JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official. A pragmatic approach to stalled qars According to a report by China’s state-run Xinhua news agency, Wang Yi signaled a renewed willingness by Beijing to abandon its hands-off posture and play an active, collaborative role in brokering a diplomatic settlement to what China officially terms the “crisis in Ukraine“. “Complex issues do not have simple solutions, and peace talks cannot be achieved overnight. As both China and the United States are ready to maintain communication and play a constructive role in the political settlement of the crisis, we hope for a swift conclusion to the fighting,” Wang Yi stated. The joint diplomatic announcement comes at a highly critical junction. US-brokered peace initiatives for Ukraine have been effectively frozen since the outbreak of the parallel US-Israeli war with Iran on February 28. Russia has consistently blocked comprehensive negotiations unless Kyiv accedes to the Kremlin’s maximalist territorial demands.