Insights｜ICC Secretary-general: Protectionism only hurts consumers eventually

The second China International Supply Chain Expo (CISCE) kicked off on Tuesday in Beijing. During an interview with China News Network, John W.H. Denton, secretary-general of the International Chamber of Commerce (ICC), said that the ICC is willing to work with China to establish a functioning multilateral trading system, facilitate trade digitization, support SMEs with financing, and build sustainable trade supply chains.

In addition, Denton noted that protectionism is never a good idea. “From an economic perspective, the only people who get hurt are actually consumers,” he concluded. (Zhao Li, Chen Tianhao)