Protectionism is hurting global trade order, China's Xi says

Chinese President Xi Jinping said on Friday that some developed countries are taking protectionist measures that are leading to trade conflicts and economic blockade - calling them the biggest risk of the increase in instability in the global economy.

“All this is destroying the global trade order... This also impacts common interests of our countries, overshadows the peace and stability world-wide,” Xi told a meeting of the BRICs countries’ leaders on the sidelines of the G20 summit meeting in Osaka, according to Reuters news agency.

Xi added that in such circumstances, the BRICS countries should “increase our resilience and capability to cope with external risks.”