The report also said that some government policies are written in a way that can be discriminatory to foreign investors or favour domestic industry.
According to estimates from the World Trade Organization, world merchandise trade is set to plummet between 13 and 32 percent this year, depending on how quickly the coronavirus is contained and trade can return to pre-crisis levels.
In a special address at a plenary session here at the WEF 2020, Zheng said China will not follow others towards more protectionism.
The e-commerce policy needs to be forward looking and informed by ground realities. It needs to design well-thought out strategies through comprehensive stakeholder consultation.
The co-founder also talked about what has changed since the company came into being some two decades ago and where it is headed
Finance Ministry Arun Jaitley is in Washington to attend the Spring Meeting of the IMF - World Bank Group.
Watch the interview of Ginni Rometty, Global CEO of IBM to Shereen Bhan where she spoke about the opportunities India presents for the company. She also spoke about protectionism debate in the backdrop of Donald Trump's election as President of The United States of America.
Not a single sound or even 'a whisper' of protectionism is being heard in India and such talk is there only in the developed economies, said Jaitley, adding that this itself is a tribute to the fact that the country is willing to accept investments and tune its policies.
"Immigration restrictions are the main source of India's vulnerability," said Sonal Varma, chief India economist at Nomura, in a note. "The viability of the offshoring model of Indian software firms would be at risk."
he viability of the offshoring model of Indian software firms would be at risk. Remittances from the US (around 16 percent of total inflows in 2015) would also likely moderate, widening the current account deficit
As the five-day talkathon of global elite wrapped up in freezing cold climes of Swiss Alps here today, world leaders foresaw a new normal for globalisation with a lot more 'inward focus' by various countries including the US, even as global economy appeared poised for a fresh growth era propelled by India and China.
The American Chamber of Commerce in China's annual survey reinforces growing pessimism in the foreign business community, as it grapples with a slowing Chinese economy and complains of increasing protectionism.
While artificial intelligence, digital and automation are the buzzwords this year, worrylines have started to emerge on "creeping" protectionism and negative sentiment in key markets.
Trump campaigned for US president on a promise to pull out of the 12-nation Trans-Pacific Partnership (TPP) trade deal, and also threatened to impose steep tariffs against China and Mexico.
Britain's proposed exit from the European Union has been seen by many as protectionist, conservative, and inward-looking. But not every Indian industry captain is worried that the movement will hurt business.
Credit Suisse said that domestic flat steel prices were surprisingly steady and the government was likely to continue with protectionism since the USD 50-60/tonne rise in steel prices was not enough to bail out troubled Indian steel makers
The ongoing economic challenges across the globe are giving rise to yet another wave of protectionism, says Ovum.
Protectionism in Europe is hampering the recapitalisation of the region's banks and the stabilisation of the financial sector, IMF adviser Min Zhu said on Sunday.
The world's trading nations are succumbing to protectionism in the wake of the global financial crisis, limiting exports of food and raw materials and installing new import barriers, the WTO warned on Friday.
Steve Forbes of Forbes in an exclusive interview to CNBC, spoke on a host of issues from tackling the high inflation rate globally, to its impact on currency and whether we were going to see another round of currency wars. He also elaborated on the state of the global recovery.