US Protectionism

China opposes protectionism, the erection of fences and barriers, decoupling, disruption of industrial and supply chains, unilateral sanctions, and maximum-pressure tactics, President Xi Jinping said on Sunday, apparently hitting out at the US. China adheres to the right course of economic globalisation, he told the key Congress of the ruling Communist Party here. The 20th Congress in its weeklong session starting from Sunday is widely expected to endorse a record third five-year term for Xi who also heads the party and the military. China strives to promote trade and investment liberalisation and facilitation, advance bilateral, regional, and multilateral cooperation, and boost international macroeconomic policy coordination, Xi said. China opposes protectionism, the erection of fences and barriers, decoupling, disruption of industrial and supply chains, unilateral sanctions, and maximum-pressure tactics, he said. Xi said China is committed to working with other countries to fost

Higher tax rates, central banks pumping out cash, protection for home industry, suppressing interest rates, high social welfare pay-outs - all hark back to pre-Thatcher-Reagan phase - notes T N Ninan

The right way to deal with loss of competitiveness is to address the root cause of that