Foreign Ministry Spokesman Lin Jian presided over a regular press conference on July 15. A Beijing Youth Daily reporter asked a question. We noticed that recently, the “Financial Times” and other foreign media quoted the latest research data as saying that if the US and Europe want to basically get rid of their dependence on China's key production supply chain by 2050, they will need to invest an additional 23.6 trillion US dollars over the next 25 years, and it is almost impossible to rebuild a complete replacement system in the short term. What did the speaker think of the above views? Lin Jian said that the relevant views you mentioned just show that the current global production and supply chains are deeply intertwined and have complementary advantages. They have already formed a community of interests that prosper and lose each other. Artificially “decoupling and breaking the chain”, constructing protectionist barriers, and forcibly restructuring the production and supply chain will not only incur high economic costs, but also violate market laws and corporate choices. Ultimately, it will only cause all parties to pay more and get less profit. A true sense of security comes from cooperation rather than isolation. Maintaining the safety, stability, and smooth flow of the global production and supply chain is the common responsibility of all countries. China will continue to unswervingly expand a high level of openness, give full play to the advantages of a complete industrial system in the hyperscale market, and continue to steadily provide the world with high-quality products and opportunities for cooperation. We are also willing to join hands with other countries to abandon the logic of factional confrontation, push the global supply chain to truly become a win-win chain, and inject stable impetus into the common development of the world.

Foreign Ministry Spokesman Lin Jian presided over a regular press conference on July 15. A Beijing Youth Daily reporter asked a question. We noticed that recently, the “Financial Times” and other foreign media quoted the latest research data as saying that if the US and Europe want to basically get rid of their dependence on China's key production supply chain by 2050, they will need to invest an additional 23.6 trillion US dollars over the next 25 years, and it is almost impossible to rebuild a complete replacement system in the short term. What did the speaker think of the above views? Lin Jian said that the relevant views you mentioned just show that the current global production and supply chains are deeply intertwined and have complementary advantages. They have already formed a community of interests that prosper and lose each other. Artificially “decoupling and breaking the chain”, constructing protectionist barriers, and forcibly restructuring the production and supply chain will not only incur high economic costs, but also violate market laws and corporate choices. Ultimately, it will only cause all parties to pay more and get less profit. A true sense of security comes from cooperation rather than isolation. Maintaining the safety, stability, and smooth flow of the global production and supply chain is the common responsibility of all countries. China will continue to unswervingly expand a high level of openness, give full play to the advantages of a complete industrial system in the hyperscale market, and continue to steadily provide the world with high-quality products and opportunities for cooperation. We are also willing to join hands with other countries to abandon the logic of factional confrontation, push the global supply chain to truly become a win-win chain, and inject stable impetus into the common development of the world.