Xi Jinping Warns of Rising Protectionism Amid US-China Tensions

Amidst the backdrop of a significant leadership transition in the United States, Chinese President Xi Jinping has voiced concerns over a growing era of protectionism at the Asia-Pacific Economic Cooperation (APEC) summit. Xi cautioned that the world is entering a phase of turbulence and transformation, highlighting the dangers of increasing unilateralism and economic fragmentation. These remarks come as the anticipated policies of incoming US President Donald Trump, particularly his proposed tariffs on Chinese imports, signal potential trade conflicts.

Xi's warnings resonate with concerns about the global economy's stability. As host of the APEC summit, Peru's President Dina Boluarte echoed the need for enhanced cooperation and understanding to combat rising uncertainties. The summit also provided a platform for outgoing US President Joe Biden and Xi to engage in discussions, focusing on maintaining stable US-China relations despite ongoing geopolitical tensions.

Biden has emphasized the importance of alliances, notably strengthening ties with Japan and South Korea in response to North Korea's military activities. This trilateral cooperation aims to counterbalance China's influence in the region. The discussions between Xi and leaders from Japan and South Korea further underscore the delicate balance of diplomacy in East Asia, with regional stability as a pressing concern.

Xi's insistence on caution regarding Taiwan and the South China Sea disputes underscores China's red lines, which are critical to its national interests. While Xi has shown willingness to cooperate with the Trump administration, his firm stance on these issues remains unchanged. As global leaders navigate these complex challenges, the call for multilateral dialogue and strategic partnerships becomes ever more vital.