'Indo-Pacific', Quad groupings risk fomenting divisions
On Tuesday, a spokesperson for the Ministry of Commerce said in an online statement that the success of the Asia-Pacific economy has benefited from openness, cooperation and mutual benefit.
Relevant initiatives should contribute to the prosperity and development of the region, be open and inclusive rather than discriminatory and exclusive. Those initiatives should also promote economic cooperation and solidarity rather than undermine and divide existing mechanisms, the spokesperson said.
According to Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation in Beijing, the US wants to leverage help from its allies to strengthen its leading role in global innovation and industrial chains, and to increase its dominance in global development and technology progress.
However, such a development path will succeed only at the cost of restricting resources allocation and harming small enterprises and economies, he said.
"Every economy should be able to explore development paths that suite them most, or search for the best ways to promote innovation and expand growth through multilateral platforms instead of being trapped in exclusive initiatives," Zhou emphasized.
Xiang Ligang, director-general of the Information Consumption Alliance, a tech industry association, said that as the world's largest chip market, the Chinese mainland is an indispensable part of the global semiconductor industrial chain.
No chip company can ignore such a market, whether it is from the US, Japan, India or Australia, Xiang said.
Lenovo Group Chairman and CEO Yang Yuanqing said earlier that technology and supply chain decoupling will hurt the interests of the world.
"Technology should serve all people around the world. That is not only a moral thing, but also in accordance with the laws of economics," said Yang, while noting that openness and sharing of technological innovation will remain the direction of the tech industry going forward.
