Chinese XI warns from protectionism when a tour of southeastern Asia begins

Chinese President Xi Jinping said there were no winners in the trade war and warned from protectionism.

The comments are ahead of his state visits to the three countries of Southeast Asia from April 14 to April 18: Vietnam, Malaysia and Cambodia. SI’s visit to Vietnam began on Monday and ending on Tuesday.

In an exclusive article for Nhani DanThe official newspaper of the Vietnam Communist Party, XI wrote that “the trade war and the tariff war will not lead to the winner, and protectionism will not lead anywhere.”

He added that Vietnam and China should “strongly protect the multilateral trading system, stable global industrial and supply networks, as well as an open and cooperative international environment.”

In 2024 mainland China was in Vietnam The third largest source of foreign investmentBehind Singapore and South Korea.

Reportedly the second largest economy in the world The largest foreign Cambodia investorand The third largest investor in Malaysia for approved investment.

In the article, he stated that it was important that Vietnam and China “promote an equal and orderly multipolar world, as well as everywhere a profitable and inclusive economic globalization.”

XI also called for deeper cooperation between countries, including business cooperation and exchange of people, saying: “China welcomes better Vietnamese products on the Chinese market and urges more Chinese enterprises to invest and run in Vietnam.”

He added that both sides should increase cooperation in areas such as industrial and supply networks, as well as “new” such as 5G, artificial intelligence and green development.

XI also called on both sides to work with the global south, “to support the common interests of developing countries.”

Vietnam struck One of the highest levels of “mutual” tariffs from the US to 46%, though it was stopped by US President Donald Trump for 90 days. Imports from Vietnam in the US will be subject to a basic level of 10%.