Protectionism 'Doomed To Failure': China's Xi Says In Swipe At US

Fredrick Soto
November 17, 2018

He will also miss the Leaders' Retreat and the Leaders' Working Lunch.

"We waited all night".

But on Saturday Xi appeared to give no concessions to United States complaints that China's technology advances had been built on intellectual property theft.

Though staff of the US Embassy later extended an invitation to PNG media to join them, the group refused.

"We hope for better, but the United States will not change course until China changes its ways", he said.

Xi gave no indication of giving in on some key US demands, including an end to technology transfer, support for state-run enterprises, and giving up on its Made in China 2025 plan to lead the world in key industries.

With concerns growing that rivalry between the U.S. and China could escalate, Xi warned against going down that road.

"History has shown that confrontation, whether in the form of a cold war, a hot war or a trade war, will produce no winners", he told leaders gathered in Papua New Guinea's capital for the summit.

Baron Waqa, president of Nauru, told Trudeau that tsunamis, earthquakes and cyclones have created enormous losses for the economies of smaller island states, while a rising sea level shrinks their territory and increases water salinity that effects their food security.

The Papua New Guinea venue for APEC has sharpened focus on the strategic competition between China, the USA and Australia in the Pacific region, which is fuelling an infrastructure and aid bidding war to counter China's growing presence in island nations through road and construction projects. Malaysia's 93-year-old Prime Minister Mahathir Mohamad said it will become irrelevant if developing nations continue to be left behind by globalization and free trade.

A visit that Australia and the USA are viewing with a lot of anxiety.

The White House says its tariffs are a response to China's "unfair" trade policies.

Xi, who spoke before Pence, anticipated numerous US criticisms in his speech.

China has denied that USA companies are forced to transfer technology and sees US demands on rolling back its industrial policies as an attempt to contain China's economic rise. -China dispute "will hurt the region economically".

"We will work with these two nations to protect sovereignty and maritime rights in the Pacific Islands".

Protectionism and unilateralism were overshadowing global growth, and a policy of erecting economic barriers was doomed to fail, Xi said.

"If countries can only treat each other equally and understand each other", he said, "there will be no issues that can't be settled by negotiation".

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