Port Moresby (AFP) – Protectionist actions are short-sighted and doomed to fail, Chinese President Xi Jinping said Saturday ahead of an APEC summit at which…
Port Moresby (AFP) – Protectionist actions are short-sighted and doomed to fail, Chinese President Xi Jinping said Saturday ahead of an APEC summit at which US-China trade tensions are likely to take centre stage.
« Attempts to erect barriers and cut close economic ties work against the laws of economics and the trends of history. This is a short-sighted approach and it is doomed to failure, » Xi told business leaders on the sidelines of the summit.
« We should say no to protectionism and unilateralism, » urged Xi, in a veiled swipe at the « America First » policies of the US administration.
APEC members the US and China have become embroiled in a trade war that experts warn could be catastrophic for the global economy, with the world’s top two powers going head to head.
