China Says It Is Prepared To Lead The World Economy

Chinese President Xi Jinping

Fortune: China Says It Will Lead the World Economy If Western Nations Stand Down

A top Chinese diplomat has said that China is ready to lead the world economy if other nations should retreat from globalization.

Zhang Jun, the Chinese foreign ministry's head of international economic affairs, told foreign reporters in Beijing that "if it’s necessary for China to play the role of leader, then China must take on this responsibility," reports the Wall Street Journal.

Zhang's comments come just days after President Donald Trump pledged to put "America first" in his inaugural address, which followed Chinese President Xi Jinping's plea for the continuation of global trade at last week's World Economic Forum in Davos, Switzerland.

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WNU Editor: China's business model .... export driven while keeping its own domestic markets

protected .... makes it very unlikely that they will be the leader of the world economy. As for TPP .... its impact and importance has decreased significantly for some who signed onto it expecting easier access to U.S. markets. That is now not going to happen .... so expect bilateral arrangements and agreements to be the focus during the Trump Presidency.

More News On Chinese Claims They Will Lead The World Economy If Other Nations Retreat From Globalisation

China: We can lead world beyond 'crisis' of Western democracy and capitalism -- CNBC
China ready to shoulder global leadership burden if others back out – senior Chinese diplomat -- RT
China Eager to Fill Political Vacuum Created by Trump’s TPP Withdrawal -- Bloomberg
After U.S. exit, Asian nations try to save TPP trade deal -- Reuters
Australia, New Zealand Look to China to Salvage TPP Deal After Donald Trump Withdraws US -- Newsweek
Trump's Gift to China -- Michael Schuman, Bloomberg