And he said Biden While meeting with the leaders of Japan and South Korea in Lima, the capital of Peru, “we have now reached a moment of great political change,” but he added that their tripartite alliance was “built to last.”
Biden also warned of “dangerous and destabilizing cooperation” between… north korea And Russia, amid growing fears that nuclear-armed Pyongyang will send troops to fight in Ukraine.
China’s president criticizes protectionism
The Chinese President confirmed Xi Jinping On Friday at the APEC Summit, unilateralism and protectionism must be rejected in favor of economic globalization, as the return of… Trump To the presidency of the United States.
In a speech delivered on his behalf by Chinese Minister of Commerce Wang Wentao to corporate executives at the APEC summit, Xi said that economic globalization faces “countercurrents,” without specifying a specific country or leader.
He added, “The world is entering a new period of turmoil and change, unilateralism and protectionism are spreading, and divisions are increasing in… Global economy“.
He went on to say, “Obstructing economic cooperation under various pretexts, and insisting on isolating the interconnected world, is a step back in the course of history.”
Xi listed a series of recent measures taken by the Chinese government to attract foreign investment, including increasing the number of Chinese industries that can receive foreign investment, as well as unilateral visa exemptions for foreigners visiting… China.
The Chinese leader stressed that his country “will implement more independent and unilateral opening-up policies, expand the network of high-level free trade zones to the world, and open the doors to greater entry into China.”
Trump pledged to enforce Customs duties On Chinese imports exceeds 60 percent, but Beijing and Chinese companies hope that his protectionist policies will also upset US allies in Europe and Asia, giving China an opportunity to increase its global influence and improve trade relations.
