If you followed the news in recent months you would know about the European efforts about ensuring supply chains do not involve exploitation or other morally objectionable practices. These represent compliance risks to companies working with countries like China. It would be naive to assume that a statement like his about risks has nothing to do with that.
Not just that but also that most of the reasons are not accidental but were predicted 50 years ago and deliberately ignored by most in the older generation for selfish reasons.