Xi Defends Multilateralism, Open Economy

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VOA

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At APEC summit, Xi champions free trade and multilateralism

Summary

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77% Informative

Chinese President Xi Jinping presented himself as a defender of “multilateralism and an open economy” at the Asia-Pacific Economic Cooperation Forum in Lima , Peru .

He urged leaders to “tear down the walls impeding the flow of trade, investment, technology and services” Foreign diplomatic sources said they are concerned that the U.S. would turn more protectionist and isolationist under the incoming Trump administration.

The meeting is their last in-person engagement while Biden is in office.

There are no market access or tariff reduction provisions in the framework.

IPEF is unlikely to continue in its current form under Trump , said Zack Cooper , senior fellow at the American Enterprise Institute .

Sullivan pushed back against the narrative that Beijing has overtaken Washington as the world’s main backer of development and infrastructure financing.

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Informative language

Neutral language

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formal

Language

English

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not offensive

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not hateful