President Xi Jinping Addresses Global Business Leaders and Bangladeshi Chief Adviser

President Xi Jinping reassured global investors of China’s economic stability during a meeting with top business leaders. He emphasized China’s role as a favorable investment destination and criticized protectionist trade policies indirectly. Simultaneously, he engaged with Bangladeshi Chief Adviser Muhammad Yunus to strengthen bilateral relations, citing the importance of mutual political trust and cooperation between China and Bangladesh.

Chinese President Xi Jinping addressed over 40 global business leaders, assuring them of China’s promising economic potential and its status as a secure investment destination during a meeting in Beijing. He emphasized the importance of fostering a favorable environment for foreign enterprises, stating that China represents a ‘fertile ground’ for investment. The President also reiterated his commitment to improving market access and guaranteeing equal treatment for all foreign businesses.

In the backdrop of the ongoing trade tensions with the United States, President Xi subtly criticized trade barriers and protectionist policies without explicitly naming the U.S. or mentioning President Trump’s tariffs. He cautioned that isolating oneself through high tariffs does not benefit anyone, emphasizing mutual paths over divisive policies: “Blowing out other people’s lights will not make your own lights brighter. Blocking other people’s paths will eventually block your own paths.”

Prominent economist Professor Jeffrey Sachs characterized Trump’s trade war with China as detrimental to U.S. interests during the Boao Forum for Asia, reinforcing global concerns over escalating protectionism. Concurrently, President Xi engaged in discussions with Bangladeshi Chief Adviser Muhammad Yunus, promoting the need for continued political trust and support between China and Bangladesh amid changing political landscapes in Bangladesh. Yunus highlighted China’s reliability as a crucial partner for his country.

Furthermore, during meetings with Chinese Vice Premier Ding Xuexiang, Yunus reiterated the significance of the longstanding partnership between China and Bangladesh, underscoring their roles as good neighbors and partners. Yunus’s recent trip has been called the “most significant visit” by a Bangladeshi leader in the last five decades, reflecting the heightened diplomatic engagements between the two nations, especially following political changes in Bangladesh.

In summary, President Xi Jinping’s reassurances to global business leaders reflect China’s commitment to being a prime site for investment amidst challenging international trade dynamics. His statements, alongside discussions with Bangladeshi leadership, signify an ongoing commitment to fostering international partnerships. As nations grapple with tariffs and protectionism, Xi’s remarks advocate for cooperative strategies that benefit all parties involved.

Original Source: www.tehrantimes.com