Trade protectionism

BEIJING | China’s Xi promotes ‘Belt and Road’ as Africa growth tool

BEIJING— Chinese President Xi Jinping on Monday promoted Beijing’s initiative to build ports and other infrastructure to African leaders as a tool for “common prosperity” in a world facing challenges from trade protectionism. Speaking to businesspeople ahead of a conference with dozens of African leaders, Xi said the “Belt and Road” initiative will expand markets. … Continue reading BEIJING | China’s Xi promotes ‘Belt and Road’ as Africa growth tool

FRANKFURT, Germany | ECB head Draghi: Trade protectionism is main risk to economy

FRANKFURT, Germany— European Central Bank head Mario Draghi says that new trade barriers are the main risk to Europe’s economy and that it’s up to the EU to “lead by example” by supporting economic openness. Draghi told the European parliament Monday that the bank had decided to phase out its 2.4 trillion-euro, three-year bond purchase … Continue reading FRANKFURT, Germany | ECB head Draghi: Trade protectionism is main risk to economy