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German finance minister Wolfgang Schaeuble, however, expressed doubt that the West would leave the defense of free trade to Chinese leadership. Beyond Trump, Christine Lagarde, managing director of the International Monetary Fund, said the broader international system must change to deal with the growing inequalities evident in the Oxfam report. Theresa May, Britain's prime minister, sought to convince the Davos elite that Britain was not retreating from the global scene. But she did concede that policymakers have to support those for whom globalization is not working. "The forces of liberalism, free trade and globalization that have had, and continue to have, such an overwhelmingly positive impact on our world ... are somehow at risk of being undermined," she said.
Let US and EU prove it. Actions speak louder than words.
So far, only China is acting on it - not words only.