Researcher: Western protectionism hurts the economy

The West, led by the United States, is building protectionist “walls” one after another around the world, causing serious damage to the global economy, a Chinese strategist said.

“More importantly, emerging countries and emerging economies have suffered a massive impact on their own path of progress,” said Yang Mingjie, president of the Chinese Institute of Contemporary International Relations.

In an interview with China Daily, Yang expressed fear about the West’s role in fragmenting the foreign economic landscape, creating global security blocs and widening disparities in science and technology.

As a result, countries’ stable recovery from the COVID-19 pandemic “has been negatively affected by the evolved countries, adding to their difficulties in the recovery process,” he said.

Citing the BRICS as an example, he said some Western countries have stepped up their efforts to engage the organization because they “see the progress of the BRICS countries as a challenge to their economic hegemony. “

Referencing the buzzword “geopolitical distance,” he said that some primary economies have begun to shorten their own chain distance and bring corporations back to their home countries, relying more on outsourcing to reliable allies.

“This has posed more demanding situations for emerging countries, the less evolved ones, and has slowed down efforts to promote globalization, such as the Belt and Road Initiative.

According to him, the trend of fragmentation will likely persist in the short term, because “Western countries like the United States still prefer to base their economic progress on the festival of giant countries. “

Speaking about the bloc-based security landscape, Yang warned that Western countries oppose building their “arsenal of democracies. “

The Chinese community has noticed the progression of U. S. -led alliances or trilateral agreements, such as those between the United States, Japan and South Korea, and between the United States, Japan and the Philippines, he said, adding that the AUKUS bloc is also expanding. It is successful in the spaces of military science and technology.

“What is taking shape is a bloc led by the United States, founded on a broader diversity of spaces and sectors, and more oriented towards genuine combat. The percentage of military industries in the Western economy is increasing, and the negative effect on the Western economy is increasing. Growing. The global is revealing itself. “

Implementation of consensus

Asked about China-U. S. relations, Yang said the two countries are now competing at all levels to put the red consensus into effect at the San Francisco summit, “but the biggest challenge is each other’s strategic perception. “

“Washington sees China as a main competitor,” he said.

“If this belief is not fundamentally corrected, the United States will continue to be contradictory on many expressed issues, adding similar ones to its strategies.

“China and the United States are still in a complex and long-term phase. “

As an expert on the Taiwan question, Yang had served in the past as director of the Institute of Taiwan Studies of the Chinese Academy of Social Sciences.

“There are other people or teams in the U. S. that are looking to exploit the Taiwan factor to engage China and negotiate with it,” he said. “What will China do? We will not make any concessions on currency effects or on red. “line. “

Despite the turbulent cross-Strait relations, China is maintaining its strategy and relations have shown positive signs, he said of the recent political dividend brought to the island through the Chinese mainland and the intensification of cultural exchanges.

While the majority across the Straits calls for discussion and integration, the Democratic Progressive Party is creating obstacles and stoking new unrest, he said.

Recently, the United States has publicly distorted the landmark Resolution 2758 passed by the United Nations General Assembly in 1971 on the one-China principle, saying that the solution excludes Taiwan’s participation in the United Nations formula and other multilateral forums, he said.

“The one-China precept is a universal consensus,” Yang said. “There is little from the foreign network to eviscerate or misinterpret the resolution. “

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