China’s Xi Calls on Nations to Cut Global Supply Chain Risks

China’s Xi Calls on Nations to Cut Global Supply Chain Risks

Bloomberg

Chinese President Xi Jinping called on nations to secure global supply chains and prevent inflation shocks, as the leader of the world’s No.2 economy seeks a smooth path to clinching a precedent-defying third term in power.

“We need to resolve various risks and promote the steady recovery of the world economy,” Xi said at the World Economic Forum via video link, the third time the Chinese leader has addressed the event.

“The global industrial and supply chains have been disrupted,” he added. “Commodity prices continue to rise. Energy supply remains tight. These risks compound one another and heighten the uncertainty about the economic recovery.”