BFA chief opposes protectionism

CNC
Added On April 10, 2018

Secretary-general of the Boao Forum for Asia has said that no country can address its economic problems through protectionism on Sunday.
 
The comment was made in reference to the ongoing China-US trade dispute.
 
In a press conference for the Boao Forum for Asia, Zhou Wenzhong said the Trump administration gave the wrong prescription for problems with the US economy, which are caused mainly by excessive consumption.
 
According to a report released at the press conference, trade protectionism cannot secure an everlasting impetus for economic growth.  Instead, it imposes restrictions on the sustainability of economic development.
 
Zhou said Asian economies should adhere to trade liberalisation, and make greater efforts to push forward regional integration.
 
This year's forum is themed "An Open and Innovative Asia for a World of Greater Prosperity." 
 
It runs from the 8th to the 11th of April, in Boao, in south China's Hainan Province.