but really take it in It’s too risky for both parties.
Because each person has a market, capital and potential that is conducive to each other.
If de-couple actually occurs, both of them are damaged.
It is the origin of the proposal to reduce such extreme methods. Therefore, there is a proposal to adjust the policy that does not have to break up. But let’s have a relationship like “reduce the risk” is not relying on China more than necessary
This proposal translates to The Western world will try to reduce dependence on China in the global supply chain.
But not all ties have been cut off.
It’s a concept contained in a joint statement from the recent Group of 7 meetings.
clearly shows that The world’s largest democratic economy will focus onrisk reduction not separated from each other”
relationship”reduce the risk” The meeting with China came after a speech by European Commission President Ursula von der Leyen on March 30.
She explained why she had traveled to Beijing with French President Emmanuel Macron and why Europe had not followed up on a secession call. which began during the Trump presidency
“I believe there is no possibility – nor benefiting Europe – of separating from China.” she said
and added that “Our relationship isn’t black and white—and neither is our response. This is why we need to focus on risk reduction – not isolation.”
Later German and French diplomats called for the term to be used in guiding international relations.
But many countries in Asia disagree. Says that de-coupling or de-risking are all excessive measures. In an effort to defuse economic tensions between the West and China,
The timing was perfect for Chinese Premier Li Qiang’s recent speech.
He was quick to say that the de-risking proposal was “myth” that is impossible
Li Qiang addressed the issue at a recent speech at the World Economic Forum of the New Champions annual meeting in Tianjin.
It is called China condemning Western nations’ attempts to “Reduce the risk” of the world economy as “False story” It’s not wrong.
Because they want to retaliate and counter the policy of the United States. and the European Union aiming to reduce dependence on China.
Li Qiang gritted his teeth, “In the Western world, some people are hyping up what is known as a cutting reliance and de-risking
“Both of these ideas… are false. Because of the development of economic globalization, the global economy has become one. That means merging your grip and mine.”
“The economies of many countries are interdependent, interdependent, prospering because of each other. and develop together” he added
“This is really good. It’s not a bad thing.”
World Economic Forum held in Tianjin port Also known as Summer Davos, it was the first meeting after a three-year hiatus from the COVID-19 pandemic.
Li Qiang recently returned from a visit to Germany and France.
while visiting Europe This Chinese leader called on China and Europe. “beyond difference”
and used a forum in Tianjin to comment on the latest discourse concerning relations with China.
“An obstacle unseen by some in recent years. is spreading and pushing the world into divisions and even confrontations,” the Chinese premier said.
It cited European Commission President Ursula von der Leyen as saying that Europe must “reduce the risks” diplomatically and economically from China.
“We oppose the politicization of economic and trade issues,” Li said.
ready to add that Effective communication is essential to avoiding misunderstandings between countries.
This Chinese leader said The trend of globalization remains unchanged despite some setbacks.
He stressed that China remains open to business and welcomes foreign investors.
“We should follow the flow of the times. Continue to develop consensus. and build an unchangingly open global economy,” Li said.
China’s economy in the second quarter will be higher than the first quarter. and is on track to achieve the 5% goal for this year.
“We have full confidence and can drive China’s economic development. in a long-term stable and continuous manner, along with long-term high-quality development.”
as factory output slows amid weak external and domestic demand, Li said. “We will roll out more practical and effective measures. in expanding the potential of domestic demand stimulate the vitality of the market Promote coordinated development…and promote global opening.”
But analysts are lowering their forecasts for China’s economic growth for the remainder of the year.
Several major banks have cut their forecasts for gross domestic product (GDP) growth this year after industrial output and retail sales data for May missed expectations.
It said Beijing needed to take more steps to bolster its post-COVID-19 destabilizing recovery.
China’s central bank has just cut two key interest rates in response to a slowdown in the world’s second-largest economy.
There is also a tendency that Beijing is preparing a series of measures that measure multiple targets of the economy.
especially the real estate sector which is an important factor of gross domestic product
In conclusion, China doesn’t like the word “economic polarization” and not using new words “Reduce the risk”
for the Chinese economy.globalization” There is definitely a magic for China’s growth on the world stage.
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2023-07-11 17:03:28
