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BEIJING， March 20 (Xinhua) -- Given the sluggish world economic growth at present， any protectionist actions would be a nightmare and protectionism cannot be an antidote for the fragile global economy， a U.S. economist said at roundtable talks held in Beijing on Monday.
Attending the roundtable talks on China-U.S.-Canada Relations under President Donald Trump's Administration， Richard N. Cooper， a U.S. economist， policy maker and professor at Harvard University， warned against the possible consequences of protectionism.
The world economy is fragile at the present time and any serious move to protection "would kill the world economy away from growth，" Cooper said.
According to Cooper， the world economy is entering a period of secular stagnation， and it would be "extremely unwise" to carry out serious protectionist actions at the current time.
Cooper was referring to the upsurging protectionism in the West， which has seen some European politicians preaching protectionism and isolationism to solicit votes.
For the Trump administration， trade protectionism will certainly fail to provide jobs for local Americans， said Cooper， adding that he believes Trump cannot be labeled as an anti-globalizer.
"He is certainly for free trade， because this is for U.S. profit，" he said.
For Chinese authorities， the economist said they have been doing well in managing China's economy in the last three decades.
Despite a slight slowdown， China's economy nevertheless had an actual growth of 6.7 percent year on year in 2016， outpacing most other economies and accounted for more than 30 percent of global growth， according to the National Bureau of Statistics.
For 2017， China has set its gross domestic product growth target at around 6.5 percent， taking the lead in rebuilding confidence in the global economy.
"China's share of the world economy will still be growing，" Cooper said， expressing confidence in the Chinese government to manage the country's economy well for the next 20 years.
TORONTO, Dec. 27 (Xinhua) -- Canada's main stock index closed at the highest Friday in more than two years, taking its cue from fresh all-time highs hit on Wall Street and positive development in Japan.
After being closed for Christmas and Boxing Day holidays http://www.detroitredwingsteamstore.com/adidas-dylan-larkin-jersey , the Toronto Stock Exchange's S&PTSX composite index rose 69.96 points, or 0.52 percent, to 13 http://www.detroitredwingsteamstore.com/adidas-dennis-cholowski-jersey ,587.98 at the close, logging a two-week winning streak since Dec. 13. And it recorded the highest closing since June 1, 2011 http://www.detroitredwingsteamstore.com/adidas-david-booth-jersey , when the index closed at 13527.88 points.
The record run in the past 10 days in New York and the positive developments in Japanese stocks indicated that investors were confident in the world economy recovery.
U.S. stock indexes closed slightly lower on Friday, but recorded solid weekly gains. The Dow closed higher for a sixth consecutive session on Thursday, and is on track f. Wholesale Jerseys From China Wholesale Jerseys From China Wholesale Jerseys From China Wholesale MLB Jerseys Wholesale Authentic Jerseys Wholesale College Jerseys Cheap Wholesale NFL Jerseys From China Wholesale NBA Jerseys Cheap Wholesale College Hockey Jerseys Cheap Nike NBA Jerseys