Protectionism 'doomed to failure', Xi Jinping says in swipe at US

17 November, 2018, 11:47 | Author: Regina Silva
  • Protectionism 'doomed to failure', Xi Jinping says in swipe at US

Implementing tariffs and cutting economic ties "is a short-sighted approach and it is doomed to failure", Xi said at the Asia-Pacific Economic Cooperation CEO summit on Saturday in Papua New Guinea.

"We don't offer constricting belts or a one-way road", Mr Pence said.

Speaking moments later, Pence told delegates the USA offers countries in the region "a better option" for economic and diplomatic relations than Beijing's heavy-handed approach.

He also warned that the United States could double the tariffs already imposed on Chinese goods.

Trump is set to meet Xi at the G20 summit in Argentina next month.

Trump told reporters Friday that the Chinese response to US trade demands was largely complete but was missing four or five big issues. "We put tariffs on $250 billion in Chinese goods, and we could more than double that number". In retaliation, China has slapped tariffs on $110 billion in imports from the United States and effectively shut off its purchase of key American agricultural exports including soybeans.

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.

During his speech, Pence also announced a few new initiatives aimed at showing USA commitment to the region.

"We filled forms for passes - with the worldwide media - yesterday, around midday, thinking the issue of (airport) access would have been resolved by now. So, I don't think there's a timetable". "The Intellectual Property Rights regime is designed to protect and encourage innovation not to create or widen the scientific and technological divide", Xi said. Consisting of the U.S., Japan, India and Australia, the group met in Singapore for the third time this week to discuss ways to cooperate. "Attempts to form exclusive blocs or impose one's will on others should be rejected".

One of the complaints about Xi's signature Belt and Road policy has been the accusation that it overburdens poor countries with debt, which could leave them dependent on China.

Castle keen for World Cup recommendation to be introduced
The tournament would've injected millions into our economy, with 11 teams based throughout the region. It will be the first Women's Rugby World Cup in the southern Hemisphere.

Hamilton questions F1 expansion to new territories
Sky Sports F1 is the only place to watch every Formula 1 Grand Prix, qualifying and practice session live in 2018. When we did have the race nobody came because it was too expensive or there was no interest", he added.

Joaquin "El Chapo" Guzman trial underway in N.Y
It wasn't known how long it would take to get the alternate on the jury so both sides could make their opening statements. Hope said he has seen no sign that Guzman's extradition and jailing in the US had a major impact on drug flows or routes.

Xi reminded the audience that Papua New Guinea, a Pacific nation that has been the recipient of large amounts of aid and loans from Beijing, played an important role during World War II.

"Only with this win-win concept among Apec members can we chart a common and an inclusive future in the Age of Disruption", said Dr Mahathir.

Still, while US allies like Australia welcome American firepower in the region, they also worry about its tactics on trade.

China's efforts to win friends in the resource-rich Pacific have been watched warily by the traditionally influential powers in the region - Australia and the US.

In another swipe at the United States, which has threatened to quit the World Trade Organisation, Xi said rules-based global governance needed to be strengthened "not in a might-is-right way - once the rules are made they should not be followed or abandoned as one sees fits, and they should not applied with double standards for selfish agendas".

Trump's withdrawal from the TPP past year and his push for bilateral trade deals are causing concern among allies, according to Ashley Townshend, director of the foreign policy and defense program at the United States Studies Centre at the University of Sydney.

"We should say no to protectionism and unilateralism", Xi said, in a veiled swipe at the "America First" policies of Donald Trump's administration.

Pence is representing Trump at the summits after the president opted not to attend - becoming the first USA head of state to skip the marquee Asian conferences since 2013. -China dispute "will hurt the region economically".

"It is the bilateral meetings, the sideline meetings that perhaps tell us more about what's going on here", Thomas said.


  • Judge rules on requests by Abrams campaign

    Judge rules on requests by Abrams campaign

    And the numbers could change again as federal courts issue new guidance on counting certain provisional and absentee ballots. Friday deadline for all of Georgia's counties to certify their election results, a path for Abrams was looking slim.
    Diddy's ex-lover and mother of his children found dead

    Diddy's ex-lover and mother of his children found dead

    According to TMZ , citing law enforcement sources, police received a call to Porter's Los Angeles home around noon. As adults, they were free to date other people , when they weren't "together", between the years 1994-2017.
    The New Toyota Corolla Sedan Is Surprisingly Cool

    The New Toyota Corolla Sedan Is Surprisingly Cool

    Fuel economy has yet to be announced, though Toyota does promise the 1.8-liter engine offers "better fuel efficiency" than before. The model's design concept is called 'Shooting Robust, ' which Toyota says emphasizes a lower stance and center of gravity.
  • Gordon Hayward Open to Coming Off Bench for Boston

    Gordon Hayward Open to Coming Off Bench for Boston

    As for Chicago , they're coming off a disappointing 103-98 series sweeping home loss to Dallas Monday night. Boston Celtics forward Gordon Hayward says he's open to embracing a bench role for the team this season.
    NASCAR community reacts to death of Hall of Fame driver David Pearson

    NASCAR community reacts to death of Hall of Fame driver David Pearson

    Pearson, a SC native, retired in 1989 - After 27 years of racing. "He will be missed and will always be remembered". Pearson said, "If you do everything I just told you, you should be full throttle before you believe you can be".
    Snag in the road for sausage sizzles

    Snag in the road for sausage sizzles

    The move has outraged many Aussies, with some calling the changes to the quintessential weekend snack as "un-Australian". The company denied that the guidance was really a marketing ploy meant to go viral.
  • Michelle Obama Reveals Why She Hated 1st Trip to Kenya

    Michelle Obama Reveals Why She Hated 1st Trip to Kenya

    Her frustrations started right from the airport as Obama's sister, Auma Obama, came to pick them in a dilapidated auto . But now that she is no longer there, she can basically say whatever she wants, Kimmel said.
    How to unlock all the Pokemon Let's Go hairstyles

    How to unlock all the Pokemon Let's Go hairstyles

    Once you've acquired it, all you need to do is open your Pokemon Box and open up the summary window of a Pokemon in question. While you're waiting for the game to drop, it may be useful to find out what can and can't be transferred between the games.
    Pakistan vs New Zealand - 1st Test Match Preview & Prediction

    Pakistan vs New Zealand - 1st Test Match Preview & Prediction

    New Zealand also have a strong pace attack with Trent Boult, Tim Southee, Neil Wagner and Matt Henry to chose from. New Zealand handed Test debut to 30-year-old left-arm spinner Ajaz Patel, leaving out pacer Tim Southee.
  • Aston Martin gives us a closer look at its upcoming SUV

    Aston Martin gives us a closer look at its upcoming SUV

    Whether or not 007 will head for the woods in one in his next film is yet to be seen, but it would make for a great chase scene. Naturally that means working on the car's multi-terrain and towing capabilities to ensure it works in all scenarios.
    Drug company recalls

    Drug company recalls "Losartan" — RECALL ALERT

    The FDA keeps an ongoing list of products that are recalled and a list of the valsartan products that are not recalled . If your drug is on the recall list, the FDA suggests taking it until your doctor or pharmacist provides a replacement.
    Chelsea legend Joe Cole retires at 37

    Chelsea legend Joe Cole retires at 37

    Simply, to the managers, coaches, backroom staff and everyone who has helped me along the way: thank you. The appearances dried up when he joined Liverpool as he played just 42 times in two and a half years.


Trump says he finished his written answers in Russian Federation probe
The statement was reminiscent of his admission to NBC's Lester Holt a year ago that he ousted then FBI director James Comey to kill the investigation.

Honda's bringing back its Passport SUV in 2019
With vehicle deliveries off 9.8 percent, light trucks account for more than half of the Honda brand's USA sales so far this year. USA sales of midsize crossovers have climbed 3.8 percent this year in an overall market that has expanded just 0.5 percent.

Brewers slugger Christian Yelich named National League MVP
Both batting champions won MVP awards for the first time since San Francisco's Buster Posey and Detroit's Miguel Cabrera in 2012. The other first-place vote went to New York Mets pitcher Jacob deGrom , the NL Cy Young Award victor , who finished fifth.

Amazon launches Seven Days of Black Friday Deals
Black Friday falls on November 23 this year where prices on a score of products will be cut for the entirety of the day. In fact, you might even want to consider buying more than one as they're unlikely to be this price again for a while.

Vikings Defense A Decent Play Against Bears
The run game, we've always been pretty decent against the run. "We are going to get new plays [from Nagy]". I've studied the Bears all year, and they are a matchup nightmare for numerous teams they've played.

Netflix testing mobile-only subscription
Tech Crunch reports that in Malaysia, the mobile-only plan runs $4 a month - half the price of a basic subscription. This makes their services more low-priced than the cheapest package of the streaming service behemoth.

Khmer Rouge leaders found guilty of genocide that killed millions
Khieu Samphan was found guilty only of genocide against the Vietnamese and not against the Chams, for lack of evidence. Pol Pot died at the age of 72 in 1998 while under house arrest, before he could be turned over to an global tribunal.

Flybe puts itself up for sale after profits plunge
Flybe said the move would "address the current challenges facing the airline industry and maximise value for shareholders". The Exeter-based carrier said as well as selling the group, it is looking at cutting further costs and flight capacity.

Croatia 3-2 Spain: Lucho's Nations League fate not in his hands
Spain were left with virtually no time to respond, though, when left-back Jedvaj struck again in stoppage time . Andrej Kramaric sent Croatia ahead after a Sergi Roberto mistake but Dani Ceballos equalised from Isco's pass.

FDA to crack down on flavored vapes, menthol cigarettes
"We won't let this pool of kids, a pool of future potential smokers, of future disease and death, continue to build". The proposed restriction on e-cigarette sales would not cover tobacco-, mint- or menthol-flavored products.