(Bloomberg) — President Joe Biden said European allies are prepared to cut investment to China if it keeps up its support for Russia, offering a warning after NATO accused Beijing of enabling the invasion of Ukraine.
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Biden reiterated that China was not directly supplying weapons to Russian President Vladimir Putin’s forces but also underscored it wouldn’t benefit financially “if they are supplying Russia with information and capacity.”
Chinese President Xi Jinping “believes that China is a large enough market that they can entice any country, including European countries to invest there, in return for commitments from Europe,” Biden said at a press conference on Thursday. “Some of our European friends are going to be curtailing their involved investment” if China continues its help, he added.
The press conference was overshadowed by persistent…
