7 years ago
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China President Xi Jinping: 'No one will emerge as a winner in a trade war'
Chinese President Xi Jinping said Tuesday that globalization has powered worldwide growth and should not be blamed for the world's problems. In an attack on the anti-globalization rhetoric that has led to the election of Donald Trump as U.S. president and the Brexit vote in Britain, Xi told a packed audience at the World Economic Forum at Davos: "It is true that economic globalization created new problems, but this is no justification to write off economic globalization altogether.
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Neither should there be a "winner" in any/all trade pacts.