Interview: Cooperation with China rather than decompose is the general direction of global economic development -Lu Yaoqun, a scholar visit to Singapore National University

Xinhua News Agency, Singapore, August 17th. Interview: Cooperation with China instead of decircation is the general direction of global economic development -visiting Singapore National University scholar Lu Yaoqun

Xinhua News Agency reporter Cai Shuya

Recently, some Western media hype and China's "decoupling". Lu Yaoqun, director of the Institute of Governance and Sustainable Development of the National University of Singapore, said in an exclusive interview with Xinhua News Agency that China's economy is huge and is a key node for the world's supply chain and innovation network. Economic development.

Lu Yaoqun said that from an economic point of view, globalization has promoted the flow of resources and output, bringing efficiency to improve efficiency, so it should firmly support globalization. The "decourse" runs counter to globalization and is not good for any country. The supply chain should not be controlled by politics, which is not conducive to market and enterprise development.

He also said that globalization must be managed to avoid inequality and unfairness of wealth distribution. Countries should take effective measures to balance the impact of globalization.

Some people in the West claimed that due to geopolitical factors and other factors, foreign capital may flow out of China and "decoup up with China" to find the "replacement option". In Lu Yaoqun's view, in fact, the Asian regional economic ecosystem is highly intertwined and interdependent.

Since the implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP) this year, trade dividends have continued to release. Lu Yaoqun said that RCEP will continue to benefit countries because the free flow of goods and services will bring efficiency and benefits. More importantly, free trade will become a effective way to control inflation, especially for high inflation countries that depend on imports.

He said that China is not just a world factory, but a country with strong technological innovation capabilities. China will continue to provide Singapore with technology and innovation, including many high -tech products. Singapore can maintain competitiveness in terms of finance and professional services.

【Edit: Ye Pan】

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