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Papua New Guinea: Xi says no to protectionism and unilateralism02:27

Papua New Guinea: Xi says no to protectionism and unilateralism

Papua New Guinea, Port Moresby
November 17, 2018 at 03:20 GMT +00:00 · Published

Chinese President Xi Jinping said "resorting to old practices such as protectionism and unilateralism will not resolve problems," while speaking at the Asia Pacific Economic Cooperation (APEC) Summit in Port Moresby on Saturday.

Xi stated diversity should lead to cooperation instead of confrontation.

"Only openness and cooperation can bring more opportunities and create more space for development. One who chooses to close his door will only cut himself off from the rest of the world and lose his direction," Xi added.

During the speech, Xi pointed out that China's international trade has grown 190 times after opening its door to world trade market over the past four decades.

The president continued: "China has attracted nearly two trillion dollars in foreign investment. It has become the world's biggest trader of goods, the biggest tourism market and the major trading partner with over 130 countries."

Papua New Guinea: Xi says no to protectionism and unilateralism02:27
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Chinese President Xi Jinping said "resorting to old practices such as protectionism and unilateralism will not resolve problems," while speaking at the Asia Pacific Economic Cooperation (APEC) Summit in Port Moresby on Saturday.

Xi stated diversity should lead to cooperation instead of confrontation.

"Only openness and cooperation can bring more opportunities and create more space for development. One who chooses to close his door will only cut himself off from the rest of the world and lose his direction," Xi added.

During the speech, Xi pointed out that China's international trade has grown 190 times after opening its door to world trade market over the past four decades.

The president continued: "China has attracted nearly two trillion dollars in foreign investment. It has become the world's biggest trader of goods, the biggest tourism market and the major trading partner with over 130 countries."

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