China speaks out against trade protectionism
March 20, 2017 Category Foreign trade, Weekly
China opposes the many forms of trade protectionism and supports free trade, Vice Premier Zhang Gaoli said. The country will also stick to its stance of economic opening-up and further improve the business environment for foreign investors, Zhang told the China Development Forum. “China is willing to work with other countries to oppose various forms of trade and investment protectionism. We should unwaveringly push forward economic globalization. We cannot halt our steps because of temporary difficulties,” he said. Zhang said world policy makers should make the globalization process more inclusive by putting more emphasis on equality. “The world economy is in a deep adjustment, growth is weak and trade protectionism is rising,” he said. Government officials, scholars and entrepreneurs from around the world participating in the three-day forum in Beijing expressed their concerns about worsening trade protectionism dampening the prospects of the already weak global economic recovery. “My main concern is that the policies of both the U.S. and the UK for 2017 will further push the world away from free trade, thereby reversing globalization’s momentum, which has been so good for the entire world,” Christopher Pissarides, Nobel Laureate and Economist at the London School of Economics, said at the forum, as reported by the China Daily.
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