NUSA DUA, INDONESIA – Three days before U.S. President Donald Trump took office in January 2017, Chinese President Xi Jinping portrayed Beijing as the champion and defender of globalization at the Davos World Economic Forum amid rising fears of trade protectionism.
A few months later, as Xi launched a forum on China’s vast “Belt and Road” effort, promising to spread Chinese investment and soft power through the world, it appeared his country’s global stature was rising.
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