China’s President Xi Jinping has stepped up calls for greater “self-reliance” in the country’s manufacturing sector, emphasising a strategy critics say has fuelled tensions with trading partners.
Xi’s comments on Tuesday, which the Chinese leader made on a visit to a ballbearing factory that dates back to Mao Zedong’s era, came barely a week after the US and China agreed to a 90-day truce in their trade war.
The two sides agreed to slash tariffs from levels as high as 145 per cent, which had threatened to cut off trade between the world’s two largest economies.
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