Protectionism dealing blow to trade says Xi Jinping

Johannesburg, July 26: China's President Xi Jinping warned that growing protectionism was damaging trade and that the world had to choose "between cooperation and confrontation" as the threat of a US-led trade war looms.

"Unilateralism and protectionism are mounting, dealing a severe blow to multilateralism and the multilateral trading regime," Xi told the opening of the BRICS summit in Johannesburg.

"We are facing a choice between cooperation and confrontation.