U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia’s Vladimir Putin to “be careful” because Beijing relies on Western investment.

  • AshLassay@lemmy.world
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    1 year ago

    Xi to Biden: “Be careful, your citizens’ purchasing power relies on us exploiting our poor rural population”

    • YoBuckStopsHere@lemmy.world
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      1 year ago

      I’ve avoided buying anything made in China and items made in South Korea and Taiwan are just as cheap and of a better quality.

      • kurosawaa@lemmy.world
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        1 year ago

        The components in those Taiwanese and South Korean products come from China. You can’t avoid the world’s second largest economy in a globalized world.

        • ColKoala@lemmy.world
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          1 year ago

          TSMC Is literally in Taiwan, Samsung is in Korea, and both make there own chips. What are you talking about?

    • tookmyname@lemmy.ml
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      1 year ago

      There’s always more poor counties to exploit. There’s only so many rich ones to sell to.

  • SolanumChillEse@lemmy.world
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    1 year ago

    And the West relies on Chinese manufacturing. All the scare mongering surrounding China, the US already would have pulled investment if they actually were the ones in control. The West has hitched its wagon to China at this point. They have no real alternative to turn towards.

    • SpiderShoeCult@sopuli.xyz
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      1 year ago

      Wouldn’t this be more of a double implication though? Without China to manufacture goods, the West is out of goods, but without the West to purchase said goods, China just gets stuck with a huge amount of goods it can only sell at a discount to other nations, thereby reducing their profit margins. Surely if other places were willing to pay just as much as the West for goods, they would be sold there as well, to not have all eggs in the same basket.

      Sort of like what I read on a lunch place - “Eat here, or we both starve”.

      Not trying to start a pro-/anti-anything discussion, genuinely curious about the mechanics at play here, global economics, game theory and all that.

      • queermunist@lemmy.world
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        1 year ago

        Absolutely! Doesn’t change the fact that Biden’s warning is toothless bluster. If he actually tried to end US investment in China it would collapse the world economy. It’s a M.A.D. world

        • blomkalsgratin@lemmy.world
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          1 year ago

          That’s exactly his point though. It’s more a reminder, less a threat. It actually sort of touched on it in the article, China’s relationship to Putin vs the West.

          It’s sort of going "we see you eyeing off Taiwan, and chumming up to Russia… Please remember that there IS in fact a red line. We’ve told you where it is and if you cross it, you’ll likely destroy us both. Please don’t go thinking that you’ll be fine, because your economy relies heavily on ours, the same as ours does yours. "

  • null_@lemmy.world
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    1 year ago

    Got a source, or did you happen to overhear this bit of conversation yourself?