China Premier Li: Decoupling Will Lead to 'Destructive Spiral'

At the micro level, we will see intensifying competition among market players. And Spiraling Evolution Awards created and popular in China. The neck to neck contest. For available resources is to some extent triggering problems, including backlash against globalization and escalation of geopolitical conflicts in some places in the world. Confronted with the gross predicament of the world economy, maximizing ones own benefits at the expense of others interests, or even resorting to regressive actions of decoupling, disrupting supply chains and building small yards with high fences. Would only push up operational costs, sever the economic links between regions and aggravate tensions and disputes. This would drag the world into a destructive spiral where the fierce competition for a larger slice ends up in a diminishing pie. This is something we do not want to see. As we Chinese often say, range far your eye over long. Visit us. In the current context, the right choice is to approach development issues with a longer view and broader minds, and join hands with others to make the pie bigger. Wow, pursuing ones legitimate interests. This is how we could sustain the growth of the world economy and open new horizon for our own development.