On March 8, 2026, Member of the Political Bureau of the CPC Central Committee and Foreign Minister Wang Yi stated China’s position on economic globalization.

Wang Yi said, the world economy is facing headwinds, and globalization is suffering a backlash. A certain country is erecting tariff barriers and pushing economic and technological decoupling. This is no different from using kindling to put out a fire—you will only get burned. President Xi has reminded everybody that it’s impossible to channel the vast ocean of the global economy back into isolated lakes—it runs counter to the tide of history. Pursuing protectionism is akin to locking oneself in a dark room; it may keep out wind and rain, but it also shuts out light and air.

Wang Yi said, the problems facing economic globalization can only be addressed through more sustainable development and more equitable and effective governance. To this end, President Xi has called for promoting an economic globalization that is universally beneficial and inclusive. The goal is to make the pie of economic globalization bigger and, more importantly, divide it more fairly. The principle is to leave no country behind, and halt the widening wealth gap. The pathway is to encourage countries to draw on each other’s strengths and share opportunities through economic openness, and pursue common development and mutual success through converging interests.