China's Xi says world must 'reject protectionism outright'
Source: Associated Press
Updated 7:16 am CDT, Thursday, July 26, 2018
Members of the major emerging national economies group BRICS, with from left, Indian Prime Minister Narendra Modi, China's President Xi Jinping, South African President Cyril Ramaphosa, Russia's President Vladimir Putin, and Brazil's President Michel Temer, as they pose together for a group photo at the BRICS summit in Johannesburg, South Africa, Thursday, July 26, 2018. Chinese President Xi Jinping said Wednesday the world faces "a choice between cooperation and confrontation". (Mike Hutchings/Pool via AP)
JOHANNESBURG (AP) Chinese President Xi Jinping urged fellow leaders of the BRICS emerging economies to "reject protectionism outright" on Thursday during their annual summit in which the United States is being criticized for escalating tariffs on foreign goods.
Xi along with Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Brazilian President Michel Temer and South African President Cyril Ramaphosa clasped hands and posed for a group photograph on the second day of their meeting in Johannesburg.
The Trump administration's trade war with China, the world's second-largest economy, and other major trading partners has given focus to the summit to rally support for what Xi called "common prosperity."
The Chinese leader criticized the "escalation of protectionism and unilateralism" that he said has directly affected the development of emerging markets.
Read more: https://www.chron.com/news/world/article/BRICS-leaders-join-hands-at-summit-in-South-Africa-13106452.php#photo-15921396
Igel
(35,197 posts)Instead, I read that as "the world must rejection protection against China outright."
Or, I interpret "protectionism" the way I interpret the Russian word "fashist"--"it's something that opposes us, but okay when we do it." So Russian fascists (English word) are approved and seen on stage, but gay Jewish Ukrainian socialist-leaning fashisty are not, because they don't like Russian hegemony. Similarly, tariffs that help China are "patriotic" but tariffs that hurt China are "protectionism".
First cut out the hypocrisy and self-delusion, and then the conversation can go like most normal conversations and actual work can get accomplished. That's true for science (Feynman's point was spot on). And for politics.
mitch96
(13,818 posts)DemocratSinceBirth
(99,705 posts)(us)