The head of the US Central Intelligence Agency (CIA), William Burns, said that the economies of the United States and China are deeply dependent on each other. It is reported by Reuters.
Diversify your supply chains, protect technological advantages and invest in industry rather than cut economic ties, he says. Burns noted that no country in the world wants to be at the mercy of one supplier on the issue of importing critical minerals and technologies. “The solution is not to separate from an economy like China, which would be stupid, but to reduce risk and diversify wisely,” he said. Earlier, a scandal erupted between the US and China after US President Joe Biden called Chinese leader Xi Jinping a dictator at a fundraising event for his campaign in California. He told those in attendance that Xi was “shameful” because he allegedly did not know that a Chinese balloon shot down over American territory in February contained spy equipment “two boxcars long.”