China’s Xi makes desperate attempt to stay in West’s good books

In a bid to strengthen ties with Western nations, Chinese President Xi Jinping issued a stern warning against “decoupling” from China’s economy.

Speaking at the Belt and Road Initiative (BRI) forum in Beijing, Xi urged leaders to view China’s development as an asset, not a threat.

“We stand against unilateral sanctions, economic coercion, decoupling, and supply chain disruption,” Xi said, countering perceived Western efforts to hinder China’s growth.

He stressed that considering other countries’ progress as a threat or seeing economic interdependence as a risk won’t enhance one’s own prosperity.

The Chinese leader announced measures to attract foreign investment, including easing restrictions and fostering better trade relationships.

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China plans to remove barriers to foreign investment in the manufacturing sector and expand market access for digital products and cross-border trade.

Additionally, reforms are on the horizon for state-owned companies, the digital economy, intellectual property rights, and government procurement.

The Chinese President reaffirmed China’s commitment to investing in developing countries, continuing the BRI initiative.

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The forum, celebrating the 10-year anniversary of the BRI, saw leaders and representatives from over 130 countries, including Russian President Vladimir Putin, Indonesian President Joko Widodo, Serbian President Aleksandar Vucic, Egyptian Prime Minister Mostafa Madbouly, and Pakistani Prime Minister Anwaar-ul-Haq Kakar, coming together to discuss the ambitious project.

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