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IMF meet: China trade story's lustre dulled amid trade war with US

Calls to fix global trading rules are tellingly coming not just from the Trump administration. IMF managing director Christine Lagarde this week laid out what needed to be done

Reuters  |  NUSA DUA, Indonesia 

Three days before U.S. President Donald Trump took office in January 2017, Chinese President Xi Jinping portrayed Beijing as the champion and defender of globalisation at the Davos World Economic Forum amid rising fears of trade protectionism. A few months later, as Xi launched a forum on China's vast Belt and Road effort, promising to spread Chinese investment and soft power through the world, it appeared his country's global stature was rising. But now the lustre on Beijing's trade and investment story has dulled amid rising U.S. tariffs, higher interest rates and ...

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First Published: Sun, October 14 2018. 18:25 IST