China Welcomes PM Modi’s Davos Speech, Says Will Jointly Combat Protectionism

Express News

Prime Minister Narendra Modi in Davos likened protectionism to terrorism and indirectly assaulted United States President Donald Trump’s “America First” policy.

All India|Indo-Asian News Service|Upgraded: January 24, 2018

Beijing stated the two countries share common interests like promoting globalisation

Beijing: China has actually welcomed Prime Minister Narendra Modi’s Davos speech against protectionism, saying the 2 nations can sign up with hands in combating such practice.

Beijing also said the 2 countries share typical interests in promoting globalisation and steering the world economy towards betterment.

While speaking at the annual summit of the World Economic Forum in Davos on Tuesday, PM Modi had actually compared protectionism to terrorism and indirectly assaulted US President Donald Trump’s “America First” policy.

PM Modi said many nations were ending up being inward focused and globalisation was diminishing and such propensities cannot be thought about lesser risk than terrorism or climate change.

“We have observed Prime Minister Modi remarks against protectionism and his remarks showed that globalisation is a pattern of the times. It serves the interest of all countries including establishing countries,” Chinese Foreign Ministry spokesperson Hua Chunying said.

“(In) battling against protectionism and promoting globalisation, China and Indian share a lot of common interests,” Mr Hua included.

Mr Hua remembered Chinese President Xi Jinping’s in 2015 speech at Davos where he had actually spoken versus protectionism.

“China wants to improve the coordination and coordination with all nations consisting of India to steer the economic globalisation to benefitting world economic growth and the wellness of all nations,” he stated.

“Our position is clear. India is a huge neighbour of China. As 2 biggest developing countries and as 2 closed neighbours, we, obviously, hope that we preserve stable and sound development of our bilateral relations. It serves the interest of 2 sides,” he added.

“We anticipate dealing with India to boost our communication, shared trust and effectively manage our distinctions and make sure the sound and stable advancement of our relations. I think this is the aspiration of 2 people in our countries.” Mr Hua also stated.