Singapore Deputy Prime Minister: The United States must learn to coexist and compete with China | Singapore | The United States must learn
[Xin Bin, Special Correspondent of the Global Times in Singapore] "Huang Xunchai talks about the economic competition between China and the United States." According to the report of the Lianhe Zaobao of Singapore on the 14th, Huang Xunchai, the country's first deputy prime minister and minister of finance, said at the conference on "re creating destiny" commemorating the 100th birthday of the founding prime minister, Lee Kuan Yew, that Singapore hopes that the competition between China and the United States can be controlled by barriers, but people must also be prepared for unpredictable and even dangerous consequences.
According to the report, Huang Xuncai believes that neither China nor the United States wants to engage in a full-scale public confrontation or war, but intense or extreme competition will be the decisive feature of China US relations in the future. He said that facing shocks to the global multilateral trading system, globalization no longer operates according to economic logic, and significant changes in the nature of China US relations will be the three major changes that Singapore needs to worry about next.
When talking about some of the difficulties facing the Chinese economy today, Huang Xuncai expressed in the dialogue that he believes the Chinese government has realized the need to stimulate demand through some means. As for whether the Biden administration's chip export restrictions will slow down China's development, Huang Xuncai believes that banning any chip will not put China's modernization efforts to a halt. Although China may need to make trade-offs in performance, power consumption, and reliability, solutions can always be designed. "The United States must learn to coexist with China," he said, hoping that the two countries can find ways to resolve their differences and coexist peacefully.
Faced with intensified competition between China and the United States, the attitude and stance of ASEAN countries have always been of concern to the outside world. The Bangkok Post in Thailand said on the 15th that ASEAN member countries should be cautious in formulating their foreign policies. The European magazine Modern Diplomacy states that ASEAN countries want to choose their own path, rather than choosing sides between the United States and China. Singapore's Foreign Minister Vivian previously stated that ASEAN countries do not want to split or become vassals themselves, let alone become a stage of proxy warfare. The article argues that the United States underestimated the strength and resilience of the cooperative relationship established between ASEAN countries and China.
