Forex Market News Today
  • Home
  • News
  • LiveHourly
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies
No Result
View All Result
Forex Market News Today
Home Economy

Xi Jinping warns of ‘new cold war’ if US keeps up protectionism | China

3 months ago
in Economy
3 min read
Live Foreign Currency Exchange Rates
Share on FacebookShare on Twitter


China’s president, Xi Jinping, has sent out a warning to Joe Biden that he risks a new cold war if he continues with the protectionist policies of his predecessor, Donald Trump.

In an address to the virtual World Economic Forum event, Xi called for a multilateral approach to solving the economic crisis caused by Covid-19 and said the pandemic should not be used as an excuse to reverse globalisation in favour of “decoupling and seclusion”.

Xi avoided mentioning either Biden or the US by name in his first speech since Trump left the White House last week but made it clear that China would not be dictated to by Washington.

“To build small circles or start a new cold war, to reject, threaten or intimidate others, to wilfully impose decoupling, supply disruption or sanctions, and to create isolation or estrangement will only push the world into division and even confrontation” Xi said.

Repeating the defence of multilateralism made when he attended the WEF in Davos four years ago, Xi said the alternative was the law of the jungle. “No global problem can be solved by any one country alone. There must be global action, global response and global cooperation.”

Biden has given no indication that he intends to soften Trump’s tough attitude towards Beijing and is set to announce a “buy American” procurement policy to boost US manufacturing.

Xi said: “We should build an open world economy, uphold the multilateral trading regime, discard discriminatory and exclusionary standards, rules and systems, and take down barriers to trade, investment and technological exchanges.

“State-to-state relations should be coordinated and regulated through proper institutions and rules. The strong should not bully the weak. Decisions should not be made by simply showing off strong muscles or waving a big fist.”

Xi also made it clear that China would not be swayed by criticism of its human rights record, which has focused recently on the crackdown on dissent in Hong Kong and the treatment of the Uighur population, described as “genocide” by Trump’s secretary of state, Mike Pompeo.

“No two leaves in the world are identical, and no histories, cultures or social systems are the same. Each country is unique with its own history, culture and social system, and none is superior to the other”, Xi said.

“Difference in itself is no cause for alarm. What does ring the alarm is arrogance, prejudice and hatred; it is the attempt to impose hierarchy on human civilisation or to force one’s own history, culture and social system upon others.”



Go to the news source: Xi Jinping warns of ‘new cold war’ if US keeps up protectionism | China

Tags: ChinacoldJinpingprotectionismwarwarns
Previous Post

Forex Signals Brief for Dec 30: McConnell Rebuffs $2,000 Stimulus

Next Post

Bay Area hospital won’t receive COVID vaccine after teachers given doses before …

Related Posts

Live Foreign Currency Exchange Rates
Economy

UK house prices rise at fastest pace since 2014; fuel and clothes lift inflation…

by Forex News
April 21, 2021
0

Uber is attempting to break what it called Just Eat Takeaway.com’s “monopolistic” stranglehold on the German food delivery market,...

Read more
India’s exports to be in positive territory In 2021-22: Commerce ministry | Late…
Economy

India’s exports to be in positive territory In 2021-22: Commerce ministry | Late…

by Forex News
April 21, 2021
0

India's exports to be in positive territory In 2021-22: Commerce ministry | Latest English News WION Go to...

Read more
HSBC chief vows not to ‘flip-flop’ on China strategy
Economy

HSBC chief vows not to ‘flip-flop’ on China strategy

by Forex News
April 21, 2021
0

HSBC will not “flip-flop” on strategy every time there is a flare-up in tensions between Beijing and the west,...

Read more
World’s 10 biggest economies before Covid pandemic vs. now
Economy

World’s 10 biggest economies before Covid pandemic vs. now

by Forex News
April 21, 2021
0

A child runs past a wall mural depicting healthcare workers wearing face masks along a road in New Delhi,...

Read more
Huarong debacle tests Beijing’s resolve to bail out state groups
Economy

Huarong debacle tests Beijing’s resolve to bail out state groups

by Forex News
April 21, 2021
0

When the former chair of China’s biggest manager of distressed debt was executed in January, the focus had been...

Read more
Leaked Amazon Memo Shows How It Forces Out Employees to Hit Targets
Economy

Leaked Amazon Memo Shows How It Forces Out Employees to Hit Targets

by Forex News
April 21, 2021
0

Amazon has a goal to get rid of a certain percentage of employees each year, often 6% — and...

Read more
Billionaire Leon Cooperman turns down Elizabeth Warren’s offer to testify on her…
Economy

Billionaire Leon Cooperman turns down Elizabeth Warren’s offer to testify on her…

by Forex News
April 20, 2021
0

Warren invited Cooperman, with whom she has repeatedly clashed, to appear at an April 27 hearing on creating a...

Read more
China’s Alibaba invests $350 mln in capital increase to Turkey’s Trendyol -trade…
Economy

China’s Alibaba invests $350 mln in capital increase to Turkey’s Trendyol -trade…

by Forex News
April 20, 2021
0

Chinese internet giant Alibaba invested $350 million in Turkish e-commerce firm Trendyol in a capital increase, according to an...

Read more
Unemployment benefits cut short for 300,000-plus amid pandemic: study
Economy

Unemployment benefits cut short for 300,000-plus amid pandemic: study

by Forex News
April 20, 2021
0

Outdoor dining tents under constructions in Arlington, Virginia, on Feb. 5, 2021.Liu Jie/Xinhua via GettyMore than 300,000 Americans lost...

Read more
Central and Eastern European central banks are buying up gold, citing ‘rapid str…
Economy

Central and Eastern European central banks are buying up gold, citing ‘rapid str…

by Forex News
April 20, 2021
0

(Kitco News) After several large gold purchases by Poland and Hungary, the Central and Eastern Europe region now accounts...

Read more
Next Post
Bay Area hospital won’t receive COVID vaccine after teachers given doses before …

Bay Area hospital won't receive COVID vaccine after teachers given doses before ...

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Latest Forex News

Funds Bet on a Consumer Boom to Rival ‘Roaring Twenties’

Funds Bet on a Consumer Boom to Rival ‘Roaring Twenties’

4 weeks ago
J&J vaccine adds to COVID-19 armoury, includes South African variant

J&J vaccine adds to COVID-19 armoury, includes South African variant

3 months ago
sensex today: Stock Market Live: Sensex sheds 350 points, Nifty below 14,150; RI…

sensex today: Stock Market Live: Sensex sheds 350 points, Nifty below 14,150; RI…

3 months ago
Up to 8,000 US-bound migrants enter Guatemala from Honduras

Up to 8,000 US-bound migrants enter Guatemala from Honduras

3 months ago

Today Market News

Live Foreign Currency Exchange Rates
Economy

UK house prices rise at fastest pace since 2014; fuel and clothes lift inflation…

April 21, 2021
Indonesian submarine with 53 on board goes missing during torpedo drill
World

Indonesian submarine with 53 on board goes missing during torpedo drill

April 21, 2021
India’s exports to be in positive territory In 2021-22: Commerce ministry | Late…
Economy

India’s exports to be in positive territory In 2021-22: Commerce ministry | Late…

April 21, 2021
HSBC chief vows not to ‘flip-flop’ on China strategy
Economy

HSBC chief vows not to ‘flip-flop’ on China strategy

April 21, 2021
European Super League on the brink of collapse after condemnation
World

European Super League on the brink of collapse after condemnation

April 21, 2021
World’s 10 biggest economies before Covid pandemic vs. now
Economy

World’s 10 biggest economies before Covid pandemic vs. now

April 21, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 Siteofforex.com

No Result
View All Result
  • Home
  • News
  • Live
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies

© 2020 Siteofforex.com

wpDiscuz