“The attempt to block economic cooperation under all sorts of pretexts and break up the interdependence of the world is nothing but backpedaling,” declared China’s President Xi Jinping at the just concluded APEC summit in Peru.
“Stand up to protectionism and unilateralism,” said Ren Hongbin, a former Commerce Ministry official and now chairman of the China Council for the Promotion of International Trade, also at APEC. “There is the rhetoric of the decoupling and derisking,” he warned. “The artificial severance of the global supply chain is detrimental for everyone”
