The problem with Xi Jinping’s Davos pitch4 min read 22 Jan 2017, 11:17 PM IST
If China is to become a free trade champion, it must first deal with several challenges
“Pursuing protectionism is just like locking one’s self in a dark room. Wind and rain may be kept outside, but so are light and air." Chinese President Xi Jinping’s eloquence at the World Economic Forum in Davos last week duly earned encomiums from free-trade advocates. The consensus was that under Donald Trump, the US may well turn inward and abandon its global economic leadership role, leaving a vacuum that Xi’s China is looking to fill. It makes for an optimistic narrative. But if China is to become a free trade champion—and that is indeed to be wished for—it must deal with several challenges.