China’s Xi says Belt and Road needs to reject protectionism

May 15, 2017 By Brenda Goh and Sue-Lin Wong BEIJING (Reuters) – Chinese President Xi Jinping on Monday urged major multilateral institutions to join his new Belt and Road Initiative, stressing the importance of rejecting protectionism in seeking global economic growth. Addressing other world leaders at a summit on the initiative in Beijing, Xi said it was necessary to coordinate policies with the development goals of institutions including the Asia-Pacific Economic Cooperation (APEC), ASEAN, African Union and the European Union. Xi pledged $124 billion on Sunday for his new Silk…

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