European allies ready to cut China investment over Russia backing, Biden says.Eu…

⚡️European allies ready to cut China investment over Russia backing, Biden says.

European NATO countries are ready to curb their investments in China over the country’s support for Russia’s full-scale invasion of Ukraine, U.S. President Joe Biden said on July 11 in Washington.

The U.S. president warned that Beijing is “not going to benefit economically” and will not receive the “kind of investment they’re looking for” if it continues supplying Moscow with “mechanisms” that allow it to fuel the war effort.

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European allies ready to cut China investment over Russia backing, Biden says

“We have to make sure that (Chinese President Xi Jinping) understands there’s a price to pay for undercutting both the Pacific basin as well as Europe, and it relates to Russia and dealing with Ukraine,” U.S. President Joe Biden said during the NATO summit…


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