• About Us
  • Who Are We
  • Work With Us
Friday, June 2, 2023
No Result
View All Result
NEWSLETTER
The Globe Post
39 °f
New York
44 ° Fri
46 ° Sat
40 ° Sun
41 ° Mon
No Result
View All Result
The Globe Post
No Result
View All Result
Home Business

China’s Xi Denounces ‘Protectionism, Isolationism and Populism’

Staff Writer by Staff Writer
07/05/18
in Business, World
Chinese leader Xi Jinping

China's leader Xi Jinping. Photo: Ed Jones/AFP

Share on FacebookShare on Twitter

Chinese President Xi Jinping on Thursday lambasted “protectionism, isolationism and populism” and again vowed to open up Asia’s largest economy, as Beijing faces an escalating trade dispute with the United States.

Xi told a gathering of foreign business executives that after “signs of stability and improvement in the world economy” last year, “we must also stay vigilant because … we have seen a surge of trade protectionism, isolationism and populism.”

The leaders of mining giant BHP Billiton, German carmaker Volkswagen and British conglomerate Swire  were seen at the meeting according to images from Chinese state television.

Trade relations between Beijing and Washington risk descending into all-out conflict, with US President Donald Trump having threatened to impose tariffs on almost all of Chinese exports to the United States.

China is willing to cooperate with other countries to build a community of shared future as the world faces trade protectionism and isolationism, Chinese President #XiJinping said Thu at roundtable summit of the Global CEO Council in Beijing https://t.co/BKD74OmRZP pic.twitter.com/tZlfMGoHGK

— People's Daily,China (@PDChina) June 21, 2018

Without mentioning the Trump administration, the Chinese president condemned “Cold War mentalities and zero sum games” where exporting countries are seen as the only winners of trade exchanges.

“The peace and development of the world faces more and more severe challenges,” Xi cautioned.

China’s head of state also reiterated his promises of economic openness made in April at the Boao Forum for Asia, the “Chinese Davos”, where he promised to accelerate the opening up of the Chinese financial sector.

In spite of Beijing’s conciliatory tone, Western companies complain about unfulfilled pledges and a tough business climate in the country due to factors such as internet censorship and unfavourable regulations.

In a survey released Wednesday by the European Union Chamber of Commerce in China, nearly half of European firms said it had become “more difficult” to do business in the past 12 months.

And a fifth said they have been victims of forced technology transfers, a practice denounced fiercely by Washington as it carries out a probe on the issue while threatening tariffs in retaliation.

How Can China and EU Avoid a Looming Trade War?

ShareTweet
Staff Writer

Staff Writer

AFP with The Globe Post

Related Posts

A man holds US, Taiwan flags
Business

US and Taiwan Ink Trade Deal as China Issues Warning

by Staff Writer
June 2, 2023
A noose is seen on makeshift gallows as supporters of US President Donald Trump gather on the West side of the US Capitol in Washington DC on January 6, 2021
National

Militia Leader Gets 18 Years in Prison Over US Capitol Attack

by Staff Writer
May 26, 2023
Chinese President Xi Jinping
Opinion

China’s Path to Economic Dominance

by Baptiste Monnet
March 15, 2023
An AFP journalist views an example of a "deepfake" video manipulated using artificial intelligence.
Featured

Deepfake ‘News Anchors’ in Pro-China Footage: Research

by Staff Writer
February 13, 2023
A woman undergoing COVID test in China
Featured

Soaring Covid Cases Shine Light on China’s Healthcare Gap

by Staff Writer
January 11, 2023
Donald Trump
National

US Supreme Court Freezes Release of Trump Tax Returns

by Staff Writer
November 1, 2022
Next Post
Melania Trump at the children's center

Melania Trump Makes Surprise Visit to US-Mexico Border

Carlos Latuff cartoon on Trump's zero tolerance separation of kids from parents

Kids in Cages

Recommended

A man holds US, Taiwan flags

US and Taiwan Ink Trade Deal as China Issues Warning

June 2, 2023
Migrants waiting at the Turkish border.

Beyond Numbers: Confronting Europe’s Broken Border System

May 30, 2023
A noose is seen on makeshift gallows as supporters of US President Donald Trump gather on the West side of the US Capitol in Washington DC on January 6, 2021

Militia Leader Gets 18 Years in Prison Over US Capitol Attack

May 26, 2023
Customers queue to enter a re-opened Zara clothes shop

EU Targets Fast Fashion in Push for Durable Goods

May 23, 2023
A billboard showing the debt limit is seen in Washington, D.C.

US Republicans Upbeat on Prospects for Debt Deal

May 19, 2023
Military hardware rolls through Dvortsovaya Square during a Victory Day military parade in central Saint Petersburg

Pressing Russia, US Shares Nuclear Warhead Data Under Treaty

May 16, 2023

Opinion

Migrants waiting at the Turkish border.

Beyond Numbers: Confronting Europe’s Broken Border System

May 30, 2023
A man holding a gun

The NRA’s Continuing Agenda of Fear

May 12, 2023
US Supreme Court Justice Clarence Thomas

A Supreme Folly 

April 24, 2023
Transgender Army veteran Tanya Walker speaks to protesters in Times Square near a military recruitment centre

Tennessee Is A Drag on the First Amendment

March 26, 2023
Chinese President Xi Jinping

China’s Path to Economic Dominance

March 15, 2023
An earthquake survivor reacts as rescuers look for victims and other survivors in Hatay, a Turkish province where hundreds of buildings were destroyed by the earthquake

Heed the Call of Our Broken World

March 1, 2023
Facebook Twitter

Newsletter

Do you like our reporting?
SUBSCRIBE

About Us

The Globe Post

The Globe Post is part of Globe Post Media, a U.S. digital news organization that is publishing the world's best targeted news sites.

submit oped

© 2018 The Globe Post

No Result
View All Result
  • National
  • World
  • Business
  • Interviews
  • Lifestyle
  • Democracy at Risk
    • Media Freedom
  • Opinion
    • Editorials
    • Columns
    • Book Reviews
    • Stage
  • Submit Op-ed

© 2018 The Globe Post