‘No winners’ in a trade war, proclaims China’s Xi, as he heads to Vietnam on charm offensive

News Snapshot:

Chinese president Xi Jinping warned there would be “no winners” in a trade war and that protectionism “leads nowhere”, as he began a three-nation trip to south-east Asia starting in Vietnam on Monday. Xi’s tour, which began in Hanoi, also includes rare visits to Malaysia and Cambodia and will seek to strengthen ties with China’s closest neighbours amid a trade war that has sent shockwaves through global markets. Writing in an article published in Vietnam’s Nhan Dan newspaper on Monday, Xi urged Vietnam to “resolutely safeguard the multilateral trading system, stable global industrial and supply chains, and open and cooperative...