Xi Rebuffs Scholz Pressure to Rein In Chinese Manufacturing
- President says surge in tech exports has helped cool inflation
- German leader calls for ‘equal market access’ for companies
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Chinese leader Xi Jinping told the German chancellor that a surge in clean-technology exports from the Asian nation has helped the world tackle inflation, pushing back against European and US pressure to rein in the country’s powerhouse industries.
Xi’s comments to Olaf Scholz during talks Tuesday in Beijing suggest China may not be swayed in any meaningful way by the German leader’s push for a reduction in what Western officials see as excess manufacturing capacity.