BEIJING (May 15): China has glorious history of being open to the world and the country will only be more open, President Xi Jinping said on Wednesday, in his first public address since trade tensions with the United States spiked last week.

Beijing and Washington are locked in an escalating trade war, with both countries levying tariffs on each other’s imports. Just before Xi spoke the government reported surprisingly weaker growth in retail sales and industrial output for April.