IslamNews – Speaking virtually at China’s annual Boao Forum, Xi Jinping, the country’s leader, warned that the world should not allow “unilateralism pursued by certain countries to set the pace for the whole world.” The remarks were seen as directed at the U.S.
Mr. Xi said he opposed efforts to weaken dependence on China. “Attempts to ‘erect walls’ or ‘decouple’” would “hurt others’ interests without benefiting oneself,” he said. That appeared to be a reference to the Biden administration’s plans to support domestic high-tech manufacturing in the U.S.
The audience included American business leaders, like Tim Cook of Apple, Elon Musk of Tesla and Wall Street financiers.
The White House held a meeting with business leaders last week to discuss a global shortage in semiconductor chips. President Biden talked about self-sufficiency and resiliency in supply chains.
China’s chokehold over the global solar supply chain is forcing the Biden administration to make a tough choice: work with China on climate change, or exclude China until it addresses human rights issues in Xinjiang. Nearly half of the global supply of one key material used in solar panels comes from Xinjiang.
Source: The New York Times