James Crabtree
Chinese President Xi Jinping has promised to open his country’s vast economy to the world’s emerging nations, pledging on Sept. 5 to introduce a regime of zero tariffs for the world’s least developed countries. The move, unveiled as dozens of leaders gathered at the China-Africa summit in Beijing, seemed deliberately designed to contrast China with the United States, which has largely abandoned its role as a champion of free trade as it drifts toward protectionism. But Xi’s promise also aimed to counter growing alarm among emerging countries that major shifts in global trade flows—as China’s export-heavy economic model meets Western resistance—now risk swamping much of the global south with cheap Chinese goods and undermining their fragile progress in economic development.
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