Midst simmering tensions with President Joe Biden’s administration over the chip dispute, Chinese President Xi Jinping increases support for US allies.
What happened: Xi said China is willing to advance ties with Australia based on mutual respect and win-win principles as Australia’s foreign minister Penny Wong met her counterpart on Tuesday, Wang Yiin Beijing, the Chinese state media reported.
“I attach great importance to the development of China-Australia relations and I am willing to work with the Australian side,” Xi said report from Xinhua.
This comes a day after the Chinese leader, who is targeting the US, urged Germany to work together to promote good relations between his country and the European Union without the interference of a “third party”.
President Xi told his German counterpart Frank Walter Steinmeier in a phone call on Tuesday that “China supports the EU’s strategic autonomy and hopes that the European side will stick to the fundamental positioning of China and Europe as strategic partners… and the principle that China-EU relations are non-targeted.” , not dependent and not dependent on third parties”, reported the state media.
The developments come as tension between Xis Communist Party and the Biden administration seethes amid US-wide control over chip exports. Washington has also blacklisted more than three dozen Chinese companies, including top chipmakers Yangtze storage technologies.
In response, China launched a trade dispute at the World Trade Organization against the United States, which it claims has “threatened the stability of global industrial supply chains.” It is also to consider a trillion yuan ($143 billion) support package for its semiconductor industry and could introduce it as early as the first quarter of next year.
Last week, China was also spotted lobbying the US…
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