U.S. Ambassador to Japan Emanuel said on the 16th that Chinese President Xi Jinping needs U.S. capital because his domestic policy mistakes are having a negative impact on economic growth. President Xi Jinping, who met with President Biden the day before for the first time in about a year, urged top U.S. companies to expand investment in China.
Emanuel said a series of economic and political decisions by China’s leaders have resulted in capital fleeing to the United States, and “President Xi is keen to attract investment from the United States.” He gave an interview to Bloomberg Television in San Francisco, where the Asia-Pacific Economic Cooperation (APEC) summit is being held.
The U.S.-China summit held near San Francisco was aimed at easing tensions, but U.S. officials including President Biden and Emanuel maintain a harsh view of President Xi. At a press conference after the meeting, the president said he continues to view Xi as a “dictator.”
Emanuel points out that it is noteworthy that after the meeting the day before, President Xi attended a dinner with top US business leaders instead of a reception with APEC leaders and called for investment in China.
Specifically, CEOs of American companies whose research and development (R&D) results and intellectual property had been “literally stolen” stood and applauded President Xi. He said the composition “clearly shows who has gained power and who has become vulnerable.”
Emanuel, who has held senior positions including a member of the House of Representatives, chief of staff in the Obama administration, and mayor of Chicago, is one of the most outspoken Biden administration officials critical of China, with a series of social media posts criticizing the country. The report cites the high unemployment rate among young people and the disappearance of several high-ranking officials.
In an interview on the 16th, China, which objected to the discharge of treated water from Tokyo Electric Power Company’s Fukushima Daiichi Nuclear Power Plant into the ocean, completely suspended imports of Japanese marine products in clear violation of the trade agreement. He once again pointed out that there is a contradiction in the fact that there is a fishing industry in the area.
Emanuel said he had never been asked by the White House to refrain from criticizing China. “Nobody told me to tone it down, and it wouldn’t have worked if I did,” he said.
Original title: Xi Is Desperate for US Capital Amid Slowdown, Rahm Emanuel Says (excerpt)