Hungarian Chinese media article: Any "risk reduction" measures against China are linked to economic "suicide" behavior | cooperation | economy
On July 2nd, the Summer Davos Forum was recently held in Tianjin. How to strengthen cooperation to expand economic growth and how to view the Western rhetoric of "reducing dependence and risks" have become a hot topic for discussion and exchange among attendees. The Hungarian newspaper New Herald recently published an article titled "Risk Reduction in China: Protecting Economic Security or Economic Suicide?" stating that artificially weakening industrial relations and disrupting supply chains through "risk reduction" will have a serious impact on the economies of various countries. Europe should also face the deepening of economic ties between Europe and China and the growth of mutual investment, actively respond to business expectations, and avoid geopolitical factors interfering with economic and trade cooperation.
The article points out that "de risk-taking" is a substitute for "decoupling". The so-called "de risk-taking" essentially regards the deepening interdependence between the economies of Europe, America, and China as a risk, believing that only by weakening the economic ties between the two sides can the economic security of Europe and America be guaranteed. In the era of global economic integration, artificially weakening industrial relations and disrupting supply chains among countries through risk reduction will have a serious impact on their economies. During an interview at the forum, Hungarian Deputy Foreign Minister Siarde said that any measure to "decouple" or even "de risk" from China is a "suicide" for Europe.
The article states that China hopes to maintain cooperation with its economic and trade partners, including Europe, and does not want to see "de risk" evolve into economic "de sinicization". The prospects for economic cooperation between Europe and China are still broad, and many European companies also want to increase their investment in China.
The article believes that the global economy is facing multiple challenges such as slowing growth, debt risks, climate change, and widening wealth inequality. Europe needs to work together with China to promote economic and trade cooperation and inject momentum into economic growth. To ensure the smooth development of economic cooperation, Europe should face the deepening of economic ties between Europe and China and the growth of mutual investment, actively respond to the expectations of enterprises, and avoid geopolitical factors interfering with economic and trade cooperation.