Xi Jinping Warns Against Aligning with US on Supply Chains at Apec Summit

Business Standard
Xi Jinping Warns Against Aligning with US on Supply Chains at Apec Summit
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Chinese President Xi Jinping on Friday cautioned global leaders against aligning with the United States in efforts to reduce reliance on Chinese supply chains, according to a report by The New York Times.In his opening speech on the final day of the Asia-Pacific Economic Cooperation (Apec) Summit, Xi said, “Apec economies should oppose protectionism, resist unilateral bullying, and prevent the world from returning to the law of the jungle.”The Chinese president called for stronger industrial supply chains, subtly criticising Western attempts to move production away from China. He added that China would “join hands, not let go,” and focus on “extending chains, not breaking them.”Xi’s remarks came as China remained the only superpower present at the summit after US President Donald Trump left South Korea a day earlier.Gaps in China’s call for unityWhile Xi called for greater unity, Beijing’s recent actions have undercut its message. Earlier this month, China proposed broad new export controls on rare earth metals, a move that could give it substantial leverage over countries dependent on these materials.Also ReadXi, Carney, meeting in South Korea, try to rebuild China-Canada relationsXi vows to defend free trade at APEC summit as Trump skips meetingApec leaders open summit after Trump-Xi move to ease trade tensionsXi refutes Trump's claim that China had no role in Thai-Cambodia peace dealTrump drops China tariffs from 57% to 47% after meeting Xi in South KoreaAlthough Beijing claimed the measures were a response to US trade restrictions, the proposal raised concerns among nations reliant on China for rare earth supplies. China accounts for about 90 per cent of the world’s rare earth production, essential for semiconductors, batteries, and aircraft manufacturing.Trump calls Xi a 'great leader' after tariff rollbackXi’s comments followed a meeting with US President Donald Trump, which appeared to signal a slight thaw in bilateral tensions. After the meeting, the US reduced tariffs on Chinese goods from 57 per cent to 47 per cent, while Xi agreed to curb the export of chemicals used to make fentanyl, a synthetic opioid driving a major public health crisis in the US.Both leaders were seen engaging in candid discussion, with Trump calling Xi “a great leader” but “a tough negotiator.”The meeting suggested improving ties between Washington and Beijing, which had recently soured following reports that China could expand export curbs on key materials like rare earth minerals. The escalation had prompted Trump to threaten additional tariffs of up to 100 per cent, starting November 1.

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Xi Jinping Warns Against Aligning with US on Supply Chains at Apec Summit | Achira News