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Chinese FM says trying to cut his country out of trade would be a historic mistake

B360 February 19, 2024, 12:00 am
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MUNICH: China's foreign minister told a gathering of international security policy officials on Saturday that trying to shut China out of trade in the name of avoiding dependency would be a historic mistake.

Wang Yi spoke at the Munich Security Conference. Host Germany wants to avoid over-reliance on trade with an increasingly assertive China and diversify its supply of key goods in an approach it calls "de-risking." That's in line with the approach of other industrial powers in the Group of Seven, which has stressed that it doesn't seek to harm China or thwart its development.

Beijing has criticised the strategy.

"Today ... more people have come to realise that the absence of cooperation is the biggest risk," Wang said through an interpreter. "Those who attempt to shut China out in the name of de-risking will make a historical mistake."

"The world economy is like a big ocean that cannot be cut into isolated lakes," he added. "The trend toward economic globalisation cannot be reversed. We need to work together to make globalisation more universally beneficial and inclusive."

Wang also renewed China's pushback against allegations of forced labour in the western Xinjiang region, where it is accused of running labour transfer programs in which Uyghurs and other Turkic minorities are forced to toil in factories as part of a longstanding campaign of assimilation and mass detention.

He complained of "fabricated information from different parties" and asserted that the aim is "to stop the development of China."


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MARCH 2024

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