China’s vice president took not-so-veiled shots at President Donald Trump’s aggressive trade policies in a speech to global elites at a ski resort in the Swiss Alps. Vice President Wang Qishan said at the World Economic Forum that “shifting blame for one’s own problems onto others will not resolve the problems.”
The United States and China, the world’s two biggest economies, have imposed heavy taxes on each other’s imports in a dispute over Beijing’s aggressive push to challenge American technological dominance.
Wang noted that expanded trade and technological innovations leave many behind. In response, he said in a clear reference to Trump’s America, “many countries are increasing looking inward […] barriers to international trade and investment are increasing; and unilateralism, protection and populism are spreading.” He added: “What we need to do is make the pie bigger while looking for ways to share it in a more equitable way. The last thing we should do is to stop making the pie and just engage in a futile debate on how to divide it.”
No Comments