Chinese President Xi Jinping warned against any efforts to loosen globalization in his first major speech since winning the US presidential election, after Donald Trump threatened to impose tariffs as high as 60 percent on the world’s second-largest economy.

“Hindering economic cooperation under various pretexts and dividing an interdependent world is becoming a thing of the past,” Xi said in a speech by Chinese Commerce Minister Wang Wentao at the APEC CEO summit in Lima, Peru, on Friday (Saturday AEDT). .

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