Biden Says He Warned Xi of Investment Chill If China Backs Putin

Start Reading

While there has been no evidence that Beijing has given Moscow weapons for its invasion of Ukraine, President Joe Biden claimed he cautioned Chinese President Xi Jinping that doing so would be a "gigantic mistake."

Xi and Biden spoke after the Chinese president met with Vladimir Putin at the Olympics in February, according to excerpts from an interview with CBS's "60 Minutes" that will appear on Sunday. Days after the Games' concluding ceremony, Russia invaded.

"Shortly after that, I called President Xi — not in any way to threaten him, simply to say, 'We've met many times,'" she continued.

And I remarked, "I think you're making a huge mistake, but that's your decision to make, if you think that Americans and others will continue to invest in China based on your breaking the sanctions imposed on Russia. said Biden.

According to Biden, there is currently no evidence that China is financially supporting Russia. He stated without going into any detail, "So far, there's no indication they've put forward weaponry or other items that Russia has desired."

Economic ties between the two nations are already strained, even in the absence of any indication that China is breaking sanctions.

In order to reduce its reliance on Asia, the White House has taken steps to protect domestic supply chains, especially in the semiconductor industry, and has tightened monitoring of foreign investments in the US.

Biden responded, "I don't think it is a new, more complicated cold war," when asked if the US would find itself in a "new, more complicated Cold War" as a result of relations between China and Russia.

Cold War?

As a Ukrainian counteroffensive forces Russian forces back in some areas of the country, Xi and Indian Prime Minister Narendra Modi expressed worry last week about Putin's invasion.

While Modi informed Putin that "today's moment is not one for conflict," Putin told Xi that he understands China's "questions and anxieties."

Startup Supersonic Jet Every Major Jet-Engine Manufacturer Refuses to Aid Boom.

Click Here