China's Xi warns foreign executives of 'severe' trade headwinds

Meeting executives including hedge fund boss Ray Dalio and Samsung Electronics chief Lee Jae-yong in Beijing's ornate Great Hall of the People, Xi warned that "unilateralism and protectionism" were on the rise. "Multilateralism is the inevitable choice for addressing the difficulties and challenges facing the world, and economic globalisation is an unstoppable historical trend," Xi said. His comments were a veiled criticism of Trump's recently imposed tariffs, which are dampening the prospects...