Decoupling From China 'An Illusion', French Finance Minister Says

[beijingwalker]

Decoupling From China 'An Illusion', French Finance Minister Says​

By AFP - Agence France Presse
July 30, 2023


France's finance minister said during a visit to Beijing on Sunday that cutting all economic ties with China was "an illusion", as some Western countries question their reliance on the Asian giant.
"We are totally opposed to the idea of decoupling. Decoupling is an illusion," Finance Minister Bruno Le Maire told reporters at the French embassy.

"There is no possibility of having any kind of decoupling between the American, European and Chinese economies."

Le Maire nonetheless defended France's ambition to become more economically independent in certain sectors. But, he added, the concept of de-risking, which has become a byword in the West in recent months, "does not mean that China is a risk".

"De-risking means that we want to be more independent... We don't want to realise, as we realised during the Covid crisis, that we have too much dependence on some very specific components," he added, citing microchips as one example.

Le Maire's remarks come as some Western countries seek to reduce their economic dependence on China, particularly Germany, which counts the Asian country as its top trading partner and an important market for its automotive industry.

The United States has also advocated de-risking from China, though US Treasury Secretary Janet Yellen said during a visit to Beijing earlier this month that a decoupling of the US and Chinese economies would be "virtually impossible".

China, meanwhile, has lashed out at Western efforts to de-risk, with Premier Li Qiang last month calling the concept a "false proposition".

Le Maire is in China for high-level economic talks, and will travel on Monday to the southern tech hub of Shenzhen to meet with business leaders.

Decoupling From China 'An Illusion', French Finance Minister Says

France's finance minister said during a visit to Beijing on Sunday that cutting all economic ties with China was "an illusion", as some Western countries question their reliance on the Asian giant.

www.barrons.com

 

[OIO]

This time China and France have many substantive cooperation agreements. Hope to implement.

 

[gambit]

Decopulating from China is neccessary.

China's Great Leap Backward: So much for the next dominant superpower

The Chinese century is over. Facing upside-down demographic and economic trends, China is heading off the cliff

www.salon.com

...in 2020, revealed that for the first time since China's economic liberalization in the 1970s, the working-age cohort had shrunk, decreasing by more than 30 million. The U.N. estimates that this group will continue to contract, dropping to 773 million by 2050. (In other words, between now and then China is likely to lose a number of workers larger than the entire population of Brazil.) The under-14 population will also fall in that same period, from just over 250 million in 2020 to a median projection of 150 million in 2050. Not only will the workers be disappearing, but nobody is expected to replace them.​

France may continue to kiss @55 to China, but Western companies do not ignore statistics.

 

[Stranagor]

How China trains its journalists to report “correctly”

A new app tells them all they need to know

www.economist.com

 

[Menthol]

Decoupling from China is possible.

But definitely a hard landing.

China existence is no longer just on a map, but it's already a part of the global economy.


The possibility of war is also likely despite the deep economic interwind between the two countries.

I can smell a lot of frustration among Western leaders.

Day by day, the West is being cornered by the advancement of China and politics by Russia, there's a very strong possibility of World War 3.

 

[hari sud]

Decoupling from China from high tech area is a necessity. On the other hand the Chinese can keep the smoke stack industry manufacturing base that it has already grabbed from the the West.

Already Chip making, both technology and making hardware has been denied to China. All high end electronics component manufacture which during haste in the early part of this century which were located in China are winding up and moving out. That is all bad news to China. It is all happening because a very aggressive leader rules China with an intent to expel American influence out of Indo-Pacific. His first task is to grab Taiwan which the American at all costs will prevent it from doing it. In the process, Chinese may loose its pre-eminent exports. Hence if Chinese attack Taiwan, then American in return will destroy all that aggressive posture of China on its coast. It will block sea routes to the Chinese trade. The Chinese losses will be greater than they could imagine. Hence when China comes out of invasion it will be a much smaller and less aggressive power. American losses will be far less as Chinese military hardware is all copy stuff hence far less capable.

 

[beijingwalker]

Decoupling from China from high tech area is a necessity. On the other hand the Chinese can keep the smoke stack industry manufacturing base that it has already grabbed from the the West.

Actually China's air and water are getting cleaner big time evey passing year, can you tell me how come India's water and air are so polluted while the country doesn't have much industry?

if Chinese attack Taiwan, then American in return will destroy all that aggressive posture of China on its coast. It will block sea routes to the Chinese trade. The Chinese losses will be greater than they could imagine. Hence when China comes out of invasion it will be a much smaller and less aggressive power. American losses will be far less as Chinese military hardware is all copy stuff hence far less capable.

Haha,you talke big , and you talk big for Americans, let them talk first.

 

[GreatHanWarrior]

Decoupling from China from high tech area is a necessity. On the other hand the Chinese can keep the smoke stack industry manufacturing base that it has already grabbed from the the West.

Already Chip making, both technology and making hardware has been denied to China. All high end electronics component manufacture which during haste in the early part of this century which were located in China are winding up and moving out. That is all bad news to China. It is all happening because a very aggressive leader rules China with an intent to expel American influence out of Indo-Pacific. His first task is to grab Taiwan which the American at all costs will prevent it from doing it. In the process, Chinese may loose its pre-eminent exports. Hence if Chinese attack Taiwan, then American in return will destroy all that aggressive posture of China on its coast. It will block sea routes to the Chinese trade. The Chinese losses will be greater than they could imagine. Hence when China comes out of invasion it will be a much smaller and less aggressive power. American losses will be far less as Chinese military hardware is all copy stuff hence far less capable.

Who knows which slum Indians wake up from?

 

[Menthol]

Decoupling from China from high tech area is a necessity. On the other hand the Chinese can keep the smoke stack industry manufacturing base that it has already grabbed from the the West.

Already Chip making, both technology and making hardware has been denied to China. All high end electronics component manufacture which during haste in the early part of this century which were located in China are winding up and moving out. That is all bad news to China. It is all happening because a very aggressive leader rules China with an intent to expel American influence out of Indo-Pacific. His first task is to grab Taiwan which the American at all costs will prevent it from doing it. In the process, Chinese may loose its pre-eminent exports. Hence if Chinese attack Taiwan, then American in return will destroy all that aggressive posture of China on its coast. It will block sea routes to the Chinese trade. The Chinese losses will be greater than they could imagine. Hence when China comes out of invasion it will be a much smaller and less aggressive power. American losses will be far less as Chinese military hardware is all copy stuff hence far less capable.

Only if China is not the world biggest scientific research country.

Decoupling is easy, just like what North Korea and Cuba do.

China is not aggressive to expel USA influence around the world, what is China program to other countries?

Media propaganda? Hardly.

Military alliances? None.

Coup? None.

War? None.

 

[OIO]

Decoupling from China from high tech area is a necessity. On the other hand the Chinese can keep the smoke stack industry manufacturing base that it has already grabbed from the the West.

Already Chip making, both technology and making hardware has been denied to China. All high end electronics component manufacture which during haste in the early part of this century which were located in China are winding up and moving out. That is all bad news to China. It is all happening because a very aggressive leader rules China with an intent to expel American influence out of Indo-Pacific. His first task is to grab Taiwan which the American at all costs will prevent it from doing it. In the process, Chinese may loose its pre-eminent exports. Hence if Chinese attack Taiwan, then American in return will destroy all that aggressive posture of China on its coast. It will block sea routes to the Chinese trade. The Chinese losses will be greater than they could imagine. Hence when China comes out of invasion it will be a much smaller and less aggressive power. American losses will be far less as Chinese military hardware is all copy stuff hence far less capable.

It is impossible to win a conventional war around China even if all the West comes.

In terms of high technology, China has already crossed the threshold, and Western sanctions will only force China to develop an independent system.

For chip manufacturing, China will take back Taiwan, and the West will suffer even more.

 

[hari sud]

It is impossible to win a conventional war around China even if all the West comes.

In terms of high technology, China has already crossed the threshold, and Western sanctions will only force China to develop an independent system.

For chip manufacturing, China will take back Taiwan, and the West will suffer even more.

Dream on….

 

[mmr]

Too late

It would be possible maybe a decade ago now China is way too integrated with global supply chain

 

[beijingwalker]

Dream on….

Dreaming is what you Indians can do the best, we Chinese are action people.

 

[gambit]

For chip manufacturing, China will take back Taiwan, and the West will suffer even more.

No, we will not suffer. But China WILL.

How Samsung and Texas Instruments made the Lone Star State the hub of U.S. chip manufacturing

Texas has more chipmaking facilities than any other state, thanks to low taxes and new subsidies. Now another $61 billion of semiconductor projects are planned.

www.cnbc.com

Head of China’s homegrown microprocessor industry fund arrested in fraud scandal

Plan to “leapfrog” developments in the semiconductor industry could fall flat on its face“Big Fund” financing model “ripe for corruption”Echoes of 2006’s Hanxi…

www.telecomtv.com

This is not to say that decoupling semicon from Asia will be painless, but neither is it impossible. Even TSMC know that regardless of whether there is a shooting war between China and Taiwan, COVID and China's aggressive moves in Asia, compelled countries to reassess their dependency on Asia, and when, not once, the reviews were completed, countries that depends on Asia said: F - No. Texas is just one example of that decoupling.

China's shifting to legacy technologies was inevitable. What else can China do? But the longer China relies on older manufacturing technologies to make older semicon technologies, as China must in order to stay in the semicon game, the longer China will remain behind. It will be a few painful yrs as the new US/Euro fabs builds and ramps, but the end of Asia as the only source of this 'new petrol' is coming to an end.

 

[hari sud]

Dreaming is what you Indians can do the best, we Chinese are action people.

All that action is American supplied. They can take it away and leave you with factories and no place to sell products,