World

China's Xi says no one will emerge a winner in a trade war

Chinese President warned countries against returning to protectionist trade policies

Reuters January 17, 2017

Chinese President Xi Jinping attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 17, 2017. PHOTO: REUTERS

DAVOS: Chinese President Xi Jinping warned countries on Tuesday against returning to protectionist trade policies, saying there would be no winners in a trade war.

Likening protectionism to "locking oneself in a dark room" to protect from danger but also depriving the room of "light and air", he told countries not to pursue their own interests at the expense of others.

PM arrives in Switzerland for World Economic Forum

"No one will emerge as a winner in a trade war," Xi told the World Economic Forum in Davos, Switzerland.

COMMENTS (4)

Athiest | 7 years ago | Reply Chinks talking about protectionism, what an irony!

Vectra | 7 years ago | Reply "Chinese President Xi Jinping warned countries on Tuesday against returning to protectionist trade policies, saying there would be no winners in a trade war." China seems nervous of countries adopting protectionist policies that may restrict its cheap and often alleged substandard products in those countries and if that happens that will be a severe blow to China who calls itself the factory of the world also another factor of countries imposing protectionist policies is China's refusal to to accommodate those countries products in China and reduce trade deficits heavily in favor of China.

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Bhaijaan | 7 years ago | Reply The man went to the top of the mountain and he has seen the light. Chinese are getting too big for their boots just like Hitler and his henchmen. Similar fate awaits them.

curious2 | 7 years ago | Reply He maybe right but given the disparity in trade balance China has more to lose than the USA - that gives Trump leverage.

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