Chinese President Xi Jinping called on nations to secure global supply chains and prevent inflation shocks, as the leader of the world’s second-largest economy seeks a smooth path to clinching a precedent-defying third term in power.
An energy crunch in China’s border nation Kazakhstan led to Russian troops being enlisted to help crush a public uprising earlier this month, bringing supply chain risks to Beijing’s back door. China is seeking to eliminate economic and diplomatic risks as Xi prepares to keep power at the ruling Communist Party’s leadership congress in the second half of this year.
“We should co-ordinate the targets, intensity and rhythm of fiscal and monetary policies and major developed countries should control the spillover effects of their policies to avoid shocks to developing countries,” Xi said.
Thus a leader
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