Is China racing to world dominance and superpower status?

Описание: Protectionist actions are short-sighted and doomed to fail, Chinese President Xi Jinping said Saturday ahead of an APEC summit at which US-China trade tensions are likely to take center stage.

Jinping said Saturday that no one wins from military, political or trade confrontation, amid fears that rivalry between Beijing and the US could escalate.

“History has shown that confrontation -- whether in form of cold war, hot war or trade war -- will produce no winners,” Xi told a business conference ahead of an APEC summit expected to be dominated by a tussle for influence between the world’s top two economies.

“Attempts to erect barriers and cut close economic ties work against the laws of economics and the trends of history. This is a short-sighted approach and it is doomed to failure,” Xi told business leaders on the sidelines of the summit.

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