In a speech at the World Economic Forum, China\u2019s leader argued that the intersection of the world\u2019s economies is not the root of the world\u2019s crises, but a solution for them.
\u201cIt is true that economic globalization has created new problems, but this is no justification to write off economic globalization altogether,\u201d Xi said. \u201cWe must remain committed to developing free trade and investment, promoting liberalization and facilitation through opening up, and saying no to protectionism.\u201d
Xi, speaking through a translator, argued that when nations look inward and attempt to cut trade between people, they are, in his words, channeling the waters of the oceans back into isolated lakes and creeks.
After suggesting he wants to renegotiate the One China policy, Donald Trump was labeled a «rookie» by China’s nationalist tabloid.
In 2016, populist attitudes in the U. S. propelled real estate mogul Trump to the White House and led Britain to wrench itself from the European Union — a consortium put in place to promote economic unity among Europe\u2019s nations.
Mr. Trump, who will be inaugurated Friday, has championed a revolution in U. S. trade policy that in his view would put the American worker first. He has advocated imposing tariffs against nations like China that he says are stealing U. S. jobs through cheap labor and currency manipulation, to make their exports cheaper for American consumers. Mr. Trump\u2019s trade policies are expected to target U. S. multinational companies\u2019 sending jobs and investment abroad.
Trump economic adviser Tom Barrack, appearing Tuesday on CBS This Morning, countered that the incoming administration\u2019s trade stance was a matter of fairness.
\u201cIf you want to send your goods to us and if you want to buy our debt, then we just want an equal paying field,\u201d he said. \u201cIntellectual property, the enforcement of trademark rights and the ability to have a true bilateral negotiation is what it\u2019s about. And it\u2019s simply a negotiation. We now outsource our trade policy to third party entities. It\u2019s not going to happen anymore.\u201d
Barrack\u2019s sentiments were echoed in Davos by Trump adviser Anthony Scaramucci, sent to represent the Trump camp at the World Economic Forum.
\u201cWe recognize we need to have a very healthy bilateral relationship with Beijing,\u201d Scaramucci told CBS News in Davos. \u201cBut what we can\u2019t have happen, is create a \u2026 middle class or working class in the United States that\u2019s lost its aspirational identity.\u201d
That\u2019s something President Xi said he believed can be achieved, however, through globalism and an interchange of goods and ideas across the world\u2019s borders.
\u201cWhen encountering difficulties, we should not complain about ourselves, blame others, lose confidence or run away from responsibilities,\u201d Xi said. \u201cInstead we should join hands and rise to the challenge.\u201d<\/p>\n

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