Reducing dependence on China is a ‘false proposition’, says Beijing

2023-06-27 03:54:42

Chinese Premier Li Qiang on Tuesday stressed global economic “cooperation” and called recent Western rhetoric aimed at reducing dependence on Beijing a “false proposition”.

Published on: 06/27/2023 – 05:54

Chinese Premier Li Qiang in a speech on Tuesday (June 27th) deplored Western calls to reduce dependence on his country, seeing it as a “false proposition” in a world of intertwined economies.

The European Commission unveiled last week its strategy to respond more firmly to the risks weighing on its economic security, with China in particular in the crosshairs.

Germany, where Li Qiang was recently on an official visit, said he wanted to diversify his partners to “reduce the risks” linked to his great dependence on China. Other Western countries have also taken similar positions.

“In the West, some people are pushing the principle that we should reduce dependency, eradicate risk,” said the Chinese Prime Minister at the opening of the World Economic Forum in Tianjin (north China).

“Nested” economies

“These two concepts are a false proposition, because with the development of economic globalization, the world economy has become a community where everyone is intertwined”, he stressed, pronouncing the word “cooperation “countless times.

“The economies of countries are intertwined, interdependent, prospering each other and growing together. This is basically a good thing, not a bad thing!”

This edition of the World Economic Forum, colloquially known as “Summer Davos”, is the first to be held in China since 2019 due to the Covid-19 pandemic. It will last until Thursday.

With AFP

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