According to the Financial Times, the cost of the United States and Europe ridding themselves of dependence on China for critical supply and industrial chains by 2050 would be an additional 23.6 trillion USD over the next 25 years. Additionally, the report finds it would be almost impossible to rebuild a complete alternative system in the short term. Responding to the recent report, Chinese Foreign Ministry spokesperson Lin Jian said Wednesday that pursuing “decoupling” and forcibly restructuring supply chains is not only costly but also run counter to market rules and business choices. It causes all parties to pay more and gain less. He also said China will continue to open up and provide the world with high-quality products as well as opportunities for cooperation.
