Fearful of Getting Cut Off, China Pushes for Self-Reliance
Its much larger economy is more difficult to cut off than Russia’s but that doesn’t make it bulletproof
Like his predecessors who built the Great Wall to thwart foreign threats, Chinese leader Xi Jinping is raising ramparts to make his nation more self-reliant, a mission has made more imperative.
China has pumped billions of dollars into semiconductor production, stockpiled grains and oil, and established international links to its financial system. At the root of the push is the fear of getting blocked out of Western economies by heavy penalties of the sort the U.S. and European Union have thrust at Russia.
Continue reading your article with
a WSJ membership
Extra 15% off any way you pay - JCPenney coupon code
- Best Buy:
Save 15% or more from Best Buy deal of the Day
- Dick's Sporting Goods:
10% off sitewide - Dick's Sporting Goods coupons
Journeys coupon: Get $10 off $50+ orders
Top Walmart coupon: 15% off all purchases
- Ulta Beauty:
Ulta Beauty Red, White & You Sale: Up to 75% off hot summer picks