China’s Xi Sees Risks to Global Economy, Opposes Protectionism

Chinese President Xi Jinping said downward risks and uncertainties for the global economy are on the rise, and pledged to boost the power of emerging markets on the world stage. The external environment for developing economies is complicated and grim, Xi said in a speech Tuesday to the BRICS summit of leaders from Brazil, Russia, India, China and South Africa in the coastal city of Xiamen. Xi reiterated that China opposes protectionism and firmly supports the multilateral trading system.

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