International Hot Review: The United States and the West's "Risk Reduction" towards China is the Biggest Risk in Relations with China | Countries | International
On July 15th, China News Agency reported that after "decoupling", "risk reduction" has become a new term for some Western countries to handle their relations with China. Whether it's "de risk" or "decoupling", the change in rhetoric on the surface has not changed the essence of some politicians in the United States and the West attempting to "de Sinicize", nor does it mean that their strategy towards China will truly change.
In fact, "de risk" towards China is a false proposition. The term "risk" itself includes a negative attitude towards China. "Risk reduction" is a financial term that is defined by the official website of the US State Department as the behavior of financial institutions to avoid risks, end or restrict business dealings with certain types of customers. However, the West has now abused and generalized this concept.
When explaining the "de risk" policy towards China, US National Security Advisor Sullivan once said, "De risk actually means establishing a resilient and efficient supply chain, and ensuring that we are not forced by any country." The term "coercion" precisely exposes the "fox tail" of certain countries, highlighting the essence of this concept. Is China's position as the "world's factory" increasingly consolidated, with its economic output ranking second in the world, and its affordable and diverse "Made in China" products gaining global favor? Is this all a result of China's "coercion"?
As a manufacturing powerhouse, China has a supply advantage with a well-equipped industrial system and strong industrial chain resilience, occupying an important position in the global industrial division of labor and supply chain system. China has contributed a lot of valuable wisdom in promoting human social progress and regulating regional conflicts. The "the Belt and Road" initiative, the "Global Development Initiative", the "Global Security Initiative", and the "Global Civilization Initiative" promote the building of a community with a shared future for mankind, and promote the resumption of diplomatic relations between Saudi Arabia and Iran... As Wang Wenbin, spokesman of the Ministry of Foreign Affairs of China, said on July 13, China is undoubtedly "a worthy force of stability, a source of certainty, and a predictable factor in the century long transformation of the world".
On the other hand, the United States and the West are clamoring to "reduce risks" towards China, making bilateral economic, trade, and technological issues more secure and politicized. They are using the guise of "national security considerations" to encircle and intercept Chinese technology companies, demanding that China compromise to the unilateral rules they have established. This is truly a form of coercion.
Some Western countries, led by the United States, hype up the concept of "de risk" for their own selfish interests, incite division, and advocate confrontation. For the world, this is the biggest risk. At the end of the day, there is only a degree of difference between "de risk" and "decoupling and chain breaking", both of which are essentially aimed at "de sinicization". European and American countries hope that their domestic enterprises can diversify their layout in different countries and regions, reduce their dependence on China's supply chain, and gain more weight in geopolitical games, which will lead to vicious competition and suspicion among countries, as well as fragmentation of the global economy.
As International Monetary Fund President Georgieva said at the China Development Forum in March, China will continue to be the main source of world economic growth in the coming years. If the West views cooperation with China as a "risk" rather than an opportunity, the real victim will still be the global economy.
Lack of cooperation is the greatest risk, lack of development is the greatest insecurity, and lack of unity is the greatest challenge. In the 21st century, the United States and the West are vigorously promoting "risk reduction" with the theme of economic globalization and win-win cooperation. This is not only a reversal of history, but also a zero sum game without winners.
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