Xi Jinping warns against trade war in defence of globalisation
Hong Kong
CHINESE President Xi Jinping cautioned against protectionism as he pushed back against criticism of globalisation by US President-elect Donald Trump and other Western populists.
"Protectionism is like locking yourself in a dark room, which would seem to escape wind and rain, but also block out the sunshine," Mr Xi told the World Economic Forum (WEF) on Tuesday, the first Chinese head of state to address the annual gathering in the Alpine resort town of Davos. "No one is a winner in a trade war."
Mr Xi used his speech to support a global economic order that has helped fuel China's almost four-decade economic boom.
While a surge in protectionist sentiment threatens to slow the engine of China's growth, it also offers Mr Xi a chance to advance his goal of shaping glo…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
The American small-business tyrant has a favourite political party
China’s prices are just too low for buyers to sweat about tariffs
Japan’s corporate service inflation perks up in March
New Zealand first-quarter imports fall amid sluggish economy
Hong Kong crypto ETF launches will test ambition to be digital-asset hub
UK pay settlements edge lower in first quarter: industry survey