Xi Jinping tells President Yoon Seok-yeol "Han-Chung must ensure supply chain stability"

[Image source=Yonhap News]

[Asia Economy Reporter Kim Daehyun] Chinese President Xi Jinping emphasized at the Korea-China summit that "(both countries) must jointly ensure the safety, stability, and smooth flow of global industrial and supply chains."

According to China's state-run CCTV on the 15th, President Xi made these remarks during his first face-to-face summit with South Korean President Yoon Suk-yeol in Bali, Indonesia, where the G20 summit was being held.

He stressed, "We must oppose the politicization of economic cooperation and the securitization (arbitrarily linking security and economy)." This is interpreted as a warning for South Korea not to join the U.S. efforts to exclude China from key industry supply chains such as semiconductors.

Furthermore, President Xi said, "We should accelerate the bilateral Free Trade Agreement (FTA) negotiations between Korea and China, deepen cooperation in fields such as advanced technology manufacturing, big data, and the green economy, and jointly safeguard the international free trade system."

President Xi also urged, "(Both countries) should strengthen strategic communication and enhance political trust."

This content was produced with the assistance of AI translation services.