During a two-day visit to Vietnam, Chinese leader Xi Jinping advocated for multilateral trade as a stable alternative amidst escalating US-China trade tensions. His Southeast Asia tour, which includes stops in Malaysia and Cambodia, aims to strengthen regional cooperation through initiatives like East Asia Cooperation. With a backdrop of heavy tariffs imposed by the US, Xi's visit seeks to bolster China's image in the region. Around 40 bilateral agreements are expected to be signed with Vietnam, signaling a commitment to enhanced collaboration despite global economic challenges.
There are no winners in trade wars and tariff wars, and protectionism has no way out. We must uphold multilateral trade.
Strengthening coordination and cooperation is necessary to inject more stability and positive energy into a chaotic and intertwined world.
Beijing and Hanoi are expected to sign around 40 agreements, aiming to enhance bilateral relations amidst the backdrop of ongoing trade tensions.
China's tour of Southeast Asia seeks to position the nation as a stable partner in contrast to the volatility introduced by recent US tariff actions.
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