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China Premier Li Qiang warns decoupling will lead to 'destructive spiral'

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„Exploration should not be seen as zero-sum game,“ he added.
Chinese Premier Li Qiang warned of negative consequences for the world if nations part ways economically, while also countering criticism that his country’s industrial policy has led to overcapacity.
The “regressive actions of decoupling” would only “drag the world into a destructive spiral where the fierce competition for a larger slice ends up in a diminishing pie,” Li said at the World Economic Forum’s meeting Tuesday in the northeastern city of Dalian. “This is something we do not want to see.” Click here to connect with us on WhatsApp
Li also defended his nation against claims it is dumping cheap goods on the world, touting its prowess in science and technology for building “a broad stage for enterprises to pursue innovation and upgrade their products.”

The remarks followed Canada’s move to clamp down on imports of Chinese-made electric vehicles, aligning itself with the Biden administration on trade.

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