Xi Jinping defends globalisation at World Economic ForumDAVOS: Chinese President Xi Jinping cautioned against protectionism as he pushed back against criticism of globalisation by Donald Trump and other Western populists. “No one is a winner in a trade war.”Xi used his speech to support a global economic order that has helped fuel China’s almost four-decade economic boom. While a surge in protectionist sentiment threatens to slow the engine of China’s growth, it also offers Xi a chance to advance his goal of shaping global economic systems. The Chinese president called on the world’s business and political elite to address the problems of globalisation, without turning away from economic trends that have fueled decades of growth. The president pledged to continue to overhaul China’s economic structure.

Source: The Star January 17, 2017 23:29 UTC