China’s Xi calls for greater cooperation with Vietnam

China’s Xi calls for greater cooperation with Vietnam

The president urges defence of multilateral trade, as trade wars and protectionism offer no solution.

Chinese President Xi Jinping will meet Vietnam’s leaders in Hanoi on April 14 as he begins a three-nation tour of Southeast Asia. (EPA Images pic)
BEIJING:
Chinese President Xi Jinping called for stronger cooperation with Vietnam in industrial and supply chains, and wider collaboration in emerging fields, said the Chinese foreign ministry on April 14.

He will meet Vietnam’s leaders in Hanoi on April 14 as he begins a three-nation tour of Southeast Asia, aiming to cement ties with some of China’s closest neighbours amid mounting trade tensions with the US.

Xi also urged strengthening coordination and cooperation through regional initiatives such as the East Asia Cooperation and the Lancang-Mekong Cooperation, the ministry said, citing an article by the Chinese leader published in Vietnam media.

He called such efforts necessary to “inject more stability and positive energy into a chaotic and intertwined world”.

“There are no winners in trade wars and tariff wars, and protectionism has no way out,” Xi said, but did not mention the US.

“We must firmly safeguard the multilateral trading system, maintain the stability of the global industrial and supply chains, and maintain the international environment for open cooperation.”

In the article, Xi said China welcomes more high-quality imports from Vietnam and encourages more Chinese enterprises to invest and start businesses in the South-east Asian country.

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