Chinese President Xi Jinping has expressed concern about the potential reversal of globalization, in response to Donald Trump's election victory and his proposed tariffs on China.
Speaking at the APEC CEO summit in Lima, Commerce Minister Wang Wentao delivered Xi's remarks, emphasizing that hindering economic cooperation and promoting division in an interconnected world represents a return to historical patterns.
Xi described the current global landscape as turbulent and changing, with increasing unilateralism and protectionism exacerbating the fragmentation of the world economy.
He presented himself as a supporter of economic globalization during his participation in the APEC and Group of 20 summits in South America, a position he has maintained throughout Trump's first term.
The incoming U.S. administration's looming tariff threats pose significant risks to China's fragile economic recovery.