Chinese Foreign Minister Wang Yi on U.S.-China Tech Competition
During a recent press conference focused on diplomatic issues, Chinese Foreign Minister Wang Yi addressed the ongoing technology competition between the U.S. and China, speaking candidly about the impacts of decoupling and supply chain disruptions. The conference, held on the sidelines of the 14th National People’s Congress in Beijing, featured Wang’s interactions with CGTN’s Tian Wei.
Resilience in Innovation
Wang Yi emphasized that “high fences and small yards” would not suppress the innovative spirit. His statement underlined the resilience and determination of China to continue fostering technological innovation despite external pressures.
Impact of Decoupling
He shed light on the implications of decoupling and supply chain disruptions, suggesting that these strategies could only result in self-isolation. According to Wang, such approaches are counterproductive not only for international relations but also for the economies involved, including that of the United States.
China-U.S. Business Relations
Highlighting the foundation of China-U.S. business relations, Wang Yi pointed out their basis in two-way and reciprocal interactions. He elaborated that cooperation between the two nations fosters mutual benefits and leads to win-win outcomes, contrary to the notion of competition leading to exclusive gains for one side over the other.
Response to External Pressures
When addressing the future course of action, Wang Yi made it clear that China is prepared to take countermeasures in response to arbitrary pressures. He dismissed the idea that such pressures could suppress China’s growth while maintaining a facade of good relations.
“High fences and small yards” cannot suppress the spirit of innovation, and decoupling and supply chain disruption will only lead to self-isolation, said Chinese Foreign Minister Wang Yi, responding to a question by CGTN’s Tian Wei on China-U.S. competition in technology at a press conference on diplomacy on the sidelines of the 14th National People’s Congress in Beijing on Friday.
He pointed out that China-U.S. business relations are based on two-way and reciprocal interactions, and cooperation will bring about mutual benefits and win-win results.
One should not fantasize that it can suppress China and maintain good relations with China at the same time, Wang said, adding China will definitely take countermeasures in response to arbitrary pressure.
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