Chinese Leader Speaks Out For Free Trade, Against Protectionism

In a speech at the World Economic Forum in Davos on Tuesday, Chinese President Xi Jinping offered a vigorous defense of globalization and free trade. As the United States turns inward, the speech underscored Beijing’s desire to play a greater global role.
He cautioned other countries against pursuing their own interests at the expense of others, likening protectionism to “locking oneself in a dark room” to protect from danger, but at the same time depriving the room of “light and air.”
In his speech of nearly an hour, Xi did not mention Donald Trump. Many of the messages he sent, however, seemed directed at the U.S. president-elect. Trump campaigned for the White House on pledges to protect U.S. industries from foreign competition and levy new tariffs on goods from China and Mexico.
“No one will emerge as a winner in a trade war,” Xi told the forum in the Swiss Alps.
He said economic globalization has become a “Pandora’s Box” for many, but that it was not the cause of many global problems. He added that international financial crises were caused by the excessive pursuit of profits, not globalization.

Author: avatarwochit
Tags: Donald Trump Free Trade Xi Jinping Hu Jintao Republic Of China Cantons Of Switzerland United States President Xi Jinping
Posted: 17 January 2017

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Publicado: January 17, 2017 at 10:51AM

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