So-called 'decoupling' of the US with China 'disastrous' to all

As globalization is developing into depth, trade and investment are intertwined with massive cross-border flow of factors of production and the closely linked and inseparable global supply chain, industrial chain and value chain.

China and the US both enjoy important positions in the three global chains. If one forcefully gets out of the system, that will hurt the other as well as itself. For instance, the US threatens to cut off the supply of chips to Huawei but hurts its own companies as well.

He noted the idea of pushing for decoupling China and the US and attempting to build an independent and exclusive industrial system has overlooked the complexity of the linkage of the three global chains and will have to pay huge costs.

Moreover, from the perspective of scientific advancement, decoupling does not comply with the trend and features of the era of digital economy, according to the former vice premier.