China's Xi warns against 'protectionism' at APEC summit under Trump cloud

NEWS WIRES

15 November 2024 at 12:06 am·2-min read

Chinese President Xi Jinping on Friday voiced concern over "spreading unilateralism and protectionism" during an Asia-Pacific summit in Lima. The Chinese president made the remarks on the eve of his final official encounter with US President Joe Biden amid uncertainty over how Donald Trump's "America First" agenda could shape the world.

Chinese President Xi Jinping warned Friday the world was entering an era of harmful "protectionism," in remarks to an Asia-Pacific summit in Lima overshadowed by fears of new trade wars under Donald Trump.

On the eve of what will be his final official face-to-face with outgoing US President Joe Biden, Xi raised concern about "spreading unilateralism and protectionism," China's state news agency Xinhua reported.

He also cautioned against "fragmentation of the world economy" in a written speech prepared for a meeting of CEOs on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, Xinhua said.

Xi and Biden are in the Peruvian capital for a two-day meeting of heads of state of the 21-member APEC grouping.

On Saturday, the sitting leaders of the world's two largest economies will have their final official encounter before Trump takes office in January.

Watch moreTrump 2.0: Who would new tariffs hurt the most?

APEC, created in 1989 with the goal of regional trade liberalization, represents about 60 percent of world GDP and more than 40 percent of global commerce.

The summit program was to focus on trade and investment for what proponents dubbed inclusive growth.

Australian Associated Press
Titans deny release request for gun Pahulu to Bulldogs
Gold Coast refuse to be "bullied" and have denied a release for rookie-of-the-year Josiah Pahulu to join Canterbury.
Australian Associated Press
Kate to help begin Qatar's emir on state visit to UK
The Princess of Wales will help kick off the emir of Qatar's trip to Britain as she returns to formal welcoming duties after undergoing cancer treatment.
Australian Associated Press
Renshaw ton fires Bulls to one-day win over Tasmania
Queensland beat Tasmania by 56 runs in the One-Day Cup clash thanks to starring roles by Matthew Renshaw and Mitchell Swepson.
Australian Associated Press
Betting ads played before, after kids' song shock dad
A fight for a blanket ban on gambling advertising has been reinvigorated after Sportsbet paused promotions on Spotify following an incident.
Australian Associated Press
Trump to attend Notre-Dame reopening in France
US President-elect Donald Trump will attend the reopening celebration for Notre Dame Cathedral in Paris, his first foreign trip since the election.
Australian Associated Press
Yokohama thrash hosts Mariners to deliver big ACL blow
John Hutchinson's return to Gosford was an unhappy one for Central Coast as the Mariners legend led Yokohama F Marinos to a 4-0 win over the hosts.
Australian Associated Press
Cbus-CFMEU bond 'may not be in members' best interest'
A review has cleared the board of a major superannuation fund but suggested substantial improvements after intense scrutiny of CFMEU-linked appointments.
Australian Associated Press
Australia, Singapore work to boost defence base access
Closer defence ties and further investment in the transition to net zero have been discussed by senior Australian and Singaporean ministers.
Australian Associated Press
Crime-hit city businesses embrace youth justice laws
A city reeling from crime backs controversial youth justice laws, saying juvenile offences have contributed to business closures and tarnished its reputation.
Australian Associated Press
France 'at turning point' ahead of no-confidence vote
A French minister is warning colleagues "not to plunge the country into uncertainty" as Michel Barnier's government faces a historic collapse over the budget.
Australian Associated Press
Deadly floods wreak havoc in Malaysia and Thailand
More than 30 people are dead and tens of thousands of others are displaced after monsoon rain flooded Malaysia and Thailand, with officials bracing for more.
Australian Associated Press
'Significant step' in push to repatriate Bali Nine
Five Australians serving life sentences in Indonesia for their role in attempting to smuggle heroin as part of the Bali Nine are a step closer to coming home.
Australian Associated Press
Sacking of cop who tasered 95yo 'too little, too late'
A senior constable who fatally tasered a 95-year-old woman has been dismissed from the police force less than a week after being found guilty of manslaughter.
Australian Associated Press
Young gay and lesbian staff target of sexual misconduct
Most young LGBTQI employees say they have been sexually assaulted or harassed in the workplace and supporters blame a culture that devalues their identity.
Australian Associated Press
'Big reaction to one loss': Carey expecting bounce back
After their first Test drubbing by India, Pat Cummins' Australia squad are regrouping in Adelaide, determined to hit back.
Australian Associated Press
United's Goulding to miss two NBL weeks with calf issue
A calf injury has sidelined Melbourne United sharpshooter Chris Goulding, one of the NBL's best players.
Australian Associated Press
Aussie young guns Giddey, Daniels shine in NBA wins
Josh Giddey bagged his 12th NBA triple-double, the first since joining the Chicago Bulls in the offseason, as he steered them to a win over the Brooklyn Nets.
Australian Associated Press
Mother's mercy plea in forced marriage jail term appeal
The first person in Australia convicted of causing a person to enter into a forced marriage has challenged her three-year jail term in the Court of Appeal.
Australian Associated Press
Zampa set to miss Shield game as Test hopes dwindle
Adam Zampa's Sheffield Shield selection controversy has ended with the legspinner to miss NSW's looming fixture against WA.
Australian Associated Press
Foran targets title with 'new ankle' after 17th surgery
Gold Coast veteran Kieran Foran has recovered from major ankle surgery and enters his 17th pre-season with no end to his stellar NRL career in sight.

Latest stories