Chinese President Xi Jinping has raised concerns over the growing threats to free trade, citing increasing global protectionism, economic fragmentation, and geopolitical tensions as key challenges. Speaking at an international economic forum, Xi underscored the importance of open markets and multilateral cooperation in ensuring global economic stability.
“Free trade is facing severe challenges, and rising barriers are harming global economic recovery,” Xi stated, calling for nations to resist protectionist measures and work towards a more integrated global economy. His remarks come amid escalating trade tensions between major economies, particularly between China and the United States. Recent developments, including tariffs, export restrictions, and supply chain disruptions, have fueled concerns about a shift toward economic decoupling. Xi warned that such moves could lead to long-term instability and hinder global development. The Chinese leader reaffirmed Beijing’s commitment to globalization and the rules-based international trade system. He also emphasized the need for strengthening institutions like the World Trade Organization (WTO) to ensure fair trade practices. Analysts suggest that Xi’s speech signals Beijing’s desire to counteract recent trade restrictions imposed by Western nations, particularly in high-tech sectors. The U.S. and its allies have increased scrutiny on Chinese companies, citing national security risks, while China has introduced measures to reduce dependence on foreign technology. As global trade policies continue to evolve, Xi's warning highlights the growing divide between nations favoring economic integration and those prioritizing self-sufficiency. Observers will closely monitor how China navigates these challenges and whether global leaders respond with renewed efforts to preserve free trade principles.