Chinese foreign minister Wang Yi warned the West that it would be making a historical mistake if it sought to decouple from China in the interests of reducing risk.
"Whoever tries de-sinicization in the name of de-risking would be making a historical mistake," Wang said in a speech on Saturday at the Munich Security Conference.
His comments came amid calls over the last year from the United States and the European Union to reduce their dependence on China.
They are obsessed with their status but the reality is that the US's proposed "decoupling" can be healthy for both sides, including China, in the long run.
You have suffocated yourself with the obsession of manufacturing stuff for the world for too long. It is time to move on to the next stage like Western Europe, diversify into services and focus on building high quality of life for everyone.
Exactly. Make no mistake, decoupling from China would hurt the West greatly, but the consequences for China would be devastating, to the point of threatening the regime's rule. I don't think they quite realize that this would be the immediate and most painful consequence of an invasion of Taiwan. Given how irrational Xi has acted in response to COVID-19 however, I'm not certain he or the yes-men surrounding him are looking at this situation objectively.
Like it or not, China leaves us little choice if they follow through and take Taiwan. I don’t think there’s a thing the US can or should do about that, bit we sure as hell can’t rely on a Chinese administered Taiwan to run the state-of-the-art semi-conducting development and manufacturing they do now.
Yeah… I’m sure we’ll decouple from China just as well as we’ve decoupled from Russia. By buying the same oil through third parties now instead of buying it directly from them.