At the Asia-Pacific Economic Cooperation (APEC) summit, Chinese President Xi Jinping on Friday (October 31) called on member countries to increase trade and investment, but also warned that they should not be part of the US effort to reduce the world’s dependence on China.
Xi Jinping became the only global superpower leader at the summit, after US President Donald Trump left South Korea a day earlier. At the beginning of the conference, he was seen smilingly shaking hands with the leaders and ministers of Japan, Canada, Australia and host South Korea.
What did Xi Jinping say in his address?
In his address, Xi said that Asia should stick to the policy of joining hands with each other, and not to the idea of breaking the supply chain. He indirectly made a strong comment on the efforts of Western countries to move factories out of China. “We should strengthen industrial supply chains, not break them,” Xi said.
In another speech to business leaders, read by his representative, Xi took indirect aim at the United States, saying APEC countries should oppose protectionism and unilateral policies and “save the world from returning to the law of the jungle.”
However, China’s recent policies have weakened Xi’s appeal somewhat. In October, Beijing proposed new export controls on rare earth minerals, which would have given it extraordinary control over other countries. These minerals play an important role in the manufacturing of modern technologies such as semiconductors, batteries and jet aircraft. China dominates almost 90% of the world’s supply.
After meeting with Trump, China agreed to temporarily halt these controls. This meeting turned into a kind of diplomatic ceasefire between the two leaders and Trump praised Xi’s stability.
Xi Jinping and Sanae Takaichi met
But on Friday, Xi faced Japan’s new Prime Minister Sanae Takaichi, who is considered a vocal critic of China. Takaichi raised issues of rare earth export controls, disputes in the East China Sea, and Japanese citizens detained on espionage charges in his meeting with Xi. He said that Japan has serious concerns about China’s military expansion in the South China Sea and human rights violations in Hong Kong and Xinjiang. Takaichi said, “There are definitely differences between us, but it is necessary to talk openly and directly on these issues.”
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