PORT MORESBY, Papua New Guinea — China’s leader Xi Jinping and U.S. Vice President Mike Pence traded barbs in speeches to a summit of world leaders Saturday, outlining competing visions for global leadership.
Pence said there would be no letup in President Donald Trump’s policy of combating China’s mercantilist trade policy and intellectual property theft that has erupted into a trade war between the two world powers this year.
He harshly criticized China’s global infrastructure drive, calling many of the projects low quality and saddling developing countries with loans they can’t afford.
Pence also announced the U.S. would be involved in a plan by its ally Australia to jointly develop a naval base in Papua New Guinea, where the summit is being held. China has been intensely wooing Papua New Guinea with aid and loans for infrastructure.
Xi, who spoke before Pence, said countries are facing a choice of cooperation or confrontation as protectionism and unilateralism spreads.
Xi expressed support for the global free trading system that has underpinned his country’s rise to world’s second-biggest economy after the U.S.
“Mankind has once again reached a crossroads,” he said. “Which direction should we choose? Cooperation or confrontation? Openess or closing doors. Win-win progress or a zero sum game?”
Leaders of Pacific Rim countries that make up 60 percent of the world economy are meeting in the capital of Papua New Guinea for an annual Asia-Pacific Economic Cooperation summit.
- ASEAN Leaders Meet Under Cloud of US-China Trade War
- 'Amazing deal' or 'capitulation'? Why the US-China trade truce may not last
- Trump Optimistic on China Trade Deal, Despite Differences on Hong Kong
- Trump Announces Surprise Meeting as US-China Trade Talks Resume
- Asian stocks jump as an initial US-China trade deal moves closer toward reality
- US-China trade war shows no sign of ending as new tariffs arrive
- India to benefit from US-China trade war, say experts; all you need to know
- White House negotiators reach tentative China trade deal, await Trump signoff
- US-China trade war to exert pressure on local production: official
- Trump approves US-China trade deal to halt December 15 tariffs