GYEONGJU (China Daily) – Chinese President Xi Jinping has underscored safeguarding the multilateral trading system and building an open world economy on many occasions.
Xi made the remarks in a speech at the first session of the 32nd APEC Economic Leaders’ Meeting.
He said there are no winners in tariff wars or trade wars. Bullying or hegemonism only leads to self-isolation.
“No matter how the international landscape may evolve, we must stay committed to building an open global economy, so as to shared opportunities and achieve win-win outcomes in openness,” Xi said.
Multilateralism in the only choice for addressing global challenges, and economic globalization is an unstoppable trend of history.
The Chinese president put forward a five-point proposal for promoting a universally beneficial and inclusive economic globalization and building an Asia-Pacific community.
He called for joint efforts to safeguard the multilateral trading system, build an open regional economic environment, maintain the stability and smooth flow of industrial and supply chains, promote digitalization and greening of trade, as well as promote universally beneficial and inclusive development.
