Chinese foreign minister calls on Global South to safeguard multilateral trade

BEIJING (Reuters): Chinese Foreign Minister Wang Yi called on Global South countries to safeguard multilateral trading systems, warning that power politics and “unilateral bullying” are creating divisions, in a statement his ministry released on Friday.

In a written speech to a roundtable meeting in Beijing on Thursday and referred to in the statement, Wang said the world is again at a critical crossroads, urging countries to oppose “unilateral protectionism” and build an open world economy.