SunStar Publishing Inc.
BEIJING — Chinese President Xi Jinping promised foreign companies greater access to China’s huge market and more than $100 billion in new financing for other developing economies as he opened a forum Wednesday, Oct. 18, 2023, on his signature Belt and Road infrastructure initiative.Xi’s initiative has built power plants, roads, railroads and ports around the world and deepened China’s ties with Africa, Asia, Latin America and the Mideast.
“We oppose unilateral sanctions, economic coercion and the decoupling and severance of chains,” a reference to moves elsewhere to diversify industrial supply chains.Reiterating Chinese complaints that such moves are meant to limit China’s growth, Xi said that “viewing others’ development as a threat or taking economic interdependence as a risk will not make one’s own life better or speed up one’s development.”“China can only do well when the world is doing well,” he said.
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