Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
Login Archives Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
    ×
  • Subscribe
Enter stock ticker or keyword
×
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: China

China's President Xi Jinping Takes Aim at Donald Trump in Davos

By Money Morning Staff Reports, Money Morning • January 17, 2017

Start the conversation

Leave a Reply Click here to cancel reply.

You must be logged in to post a comment.

China's President Xi
Chinese President Xi Jinping

Three days before President-elect Donald Trump is set to be inaugurated as the 45th president of the United States, China has made itself known as a force with which Uncle Sam might not want to reckon.

Chinese President Xi Jinping spoke to a crowd at the World Economic Forum (WEF) in Davos, Switzerland, today, delivering what The Guardian referred to as a "a rollicking defense of globalization that would have been unthinkable from a Chinese leader in the past."

The meeting at Davos brings together some 2,500 top business leaders, international political leaders, and journalists for up to four days to discuss the world's most pressing economic issues.

Xi is indeed the first leader from Beijing to make such a Davos appearance.

And he used the opportunity to take direct aim at Donald Trump...

President Xi Reminds Davos That Everyone Loses in a Trade War

In an attack on the anti-globalization rhetoric that arguably fueled the election of Donald Trump as U.S. president and the Brexit vote in the UK, Xi said, "It is true that economic globalization created new problems, but this is no justification to write off economic globalization altogether.

"Rather we should adapt to and guide economic globalization, cushion its negative impacts, and deliver its benefits for all countries."

Urgent: An incredibly rare gold market anomaly that only occurred twice within the past 20 years is about to happen again. Details here...

Xi then directed his statements towards U.S.-Sino trade relations, a topic Trump spoke of often while on the campaign trail. Specifically, the real estate mogul regularly denounced Beijing's trade policies and threatened to slap a tariff as high as 45% on Chinese imports.

"No one will emerge as a winner in a trade war," Xi said today, drawing applause from the crowd. "Pursuing protectionism is just like locking one's self in a dark room. Wind and rain might be kept outside, but so are light and air," he said.

In attendance of Xi's speech this morning was Anthony Scaramucci, the prominent New York financier who accepted a top post in the White House in Trump's admin on Jan. 1. Scaramucci has spoken a handful of times at this most recent WEF summit already. He is attending in an unofficial capacity, according to event organizers.

Most of the U.S. representation at Davos remains from President Barack Obama's administration, including Vice President Joe Biden and Secretary of State John Kerry.

Still, Scaramucci had a few things to say in response to President Xi's statements about a potential U.S.-China trade war...

"The president-elect wants a very strong relationship with China," Scaramucci claimed in a press briefing this morning.
elder-scaramucci-tweets
He also said the new administration only wants "free and fair trade."

Citing a concentrated group of elites who hadn't recognized economic reality, Scaramucci also claimed the incoming U.S. president will focus on spreading economic benefits through growth.

Up Next

When you consider the improving strength of the economy and mood of investors alongside prospects for future growth and wealth generation, the markets' path of least resistance is: up.

There's not much above our heads but thin blue air right now, and Money Morning Capital Wave Strategist Shah Gilani, one of the world's foremost experts on the credit crisis, believes anyone who says otherwise just isn't reading it right.

Here's how to play the market before Trump's inauguration...

Follow Money Morning on Facebook and Twitter.

More articles for you ...

  • Money Morning: Warren Buffett Is Now $12.3 Billion Richer Thanks to Donald Trump
  • Money Morning: Mark Cuban Implores Trump to Spend Billions on Robotics
  • Money Morning: Five "Outrageous" Profit Plays We'll Make in 2017

Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter

Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…

Claim My Free Report

Subscribe
Login
Notify of
guest

guest

0 Comments
Inline Feedbacks
View all comments


Latest News

September 15, 2023 • By Shah Gilani

We're Headed for a Second Banking Crisis - Here's What to Do

September 14, 2023 • By Tom Gentile

Tulips Are the Secret to Trading the Next 300% Rally in AI

September 14, 2023 • By Chris Johnson

Tulips Are Telling Me How To Trade the Next 300% rally in AI
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Penny Hawk Midday Momentum
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Quantum Data Profits Flashpoint Trader Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance L.A.U.N.C.H. Investor Rob Roy Trader Long-Term Equity Profits

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz