China’s Dependence on Western Investment: Insights from President Biden

2023-07-09 22:14:00

After meetings this year between Chinese President Xi Jinping and Russian President Vladimir Putin, US President Biden (pictured) advised Xi to be careful because China is dependent on Western investment. This is an excerpt from an interview with CNN. FILE PHOTO: The White House is pictured on June 7, 2023. REUTERS/Jonathan Ernst

[7日 ロイター] – After meeting earlier this year between Chinese President Xi Jinping and Russian President Vladimir Putin, US President Biden advised Xi to be careful because China is dependent on Western investment, CNN reports. I got it from an interview excerpt.

“I said it was an observation, not a threat,” Biden said. “Since Russia invaded Ukraine, 600 American companies have left Russia. They told me they depended on their investments.

When asked how Mr. Xi reacted, he said, “He listened, he didn’t argue. And as you may be aware, he’s not completely on Russia’s side.” I think there is a way to solve this problem,” he said.

Putin and Xi held talks over two days in March, discussing China-Russia friendship and other issues, but made no diplomatic progress in Ukraine.

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