First, let's take a look at the American oneChainResilience initiatives. On November 27, Biden announced a series of measures aimed at strengthening the U.S. economy and the U.S. economyChainAmong the initiatives is the establishment of aChainResilience Panel, and has taken a number of targetsSemiconductors**Early warning measures for disruptions. These measures have been accused of the tendency of the United States to try to implement decoupling and breaking the chain, raising concerns about decoupling. However, it will not be easy for the United States to fully implement decoupling. Take, for example, the CEO of the American chip giant NvidiaJensen HuangHe said it could take at least 20 years for the United States to break its dependence on overseas chip manufacturing. This means that if the United States insists on implementing decoupling, it is likely to face problems such as lack of chips and backward technology, resulting in a decline in its position in the global industrial chain. So while the United States tookChainResilience measures, but there are also risks.
In contrast, China'sChainBut development continues to move forward. The first ChinaInternationalChainThe promotion expo opened in Beijing on November 28. The exposition showcasedSmart carsChainGreen agriculturechain, clean energy chain, digital technology chain, healthy life chain and other five industrial chainsChainservice exhibition area, and attracted a large numberInternationalEnterprises actively participated, of which overseas exhibitors accounted for 26%. Although tensions between China and the United States still exist, many of the world's top 500 companies, which were previously threatened by the United States to decouple from China, also sent representatives to the event, which shows that these companies are not interested in ChinaChainThe attention and confidence of the market.
The expo highlighted China's openness and cooperation. In order to support exhibitors from less developed countries, the fair offers a series of preferential measures to help them integrate their own national characteristicsGlobal value chainsMiddle. This kindCooperation modelnot only helps to uplift these countriesChaincompetence, but also for the worldChainThe development has brought new vitality. It is worth noting that at this expo, many exhibitors did not grab booths and have booked booths for the second session, which fully reflects China's promotion of the worldChainDetermination and effort to develop.
It can be seen how the United States and China are dealing with itChainThe exact opposite tactic was taken on the issue. The U.S. is trying to protect its economy and *** through decoupling, but it may face a range of challenges and risks. China, on the other hand, is committed to helping the integrated development of the global industrial chain and promoting the world through openness and cooperationChainof prosperity. As a self-editor, I personally believe that the trend of globalization is irreversible, and any country that tries to implement decoupling will face a dilemma. Therefore, I would like to express my appreciation for China's openness and cooperation, and hope that it will be able to do so globallyChainplay a greater role in the development.
To sum up, the United States tookChainResilience initiatives, which attempt to protect the country's economy through decoupling and *** but may face risks and challenges. And China passed the first ChinaInternationalChainThe promotion expo showcases an open and cooperative attitude and attracts a large number of peopleInternationalActive participation of enterprises. As an editor, I appreciate China's openness and cooperation, and hope that it can be globalChainplay a greater role in the development. Finally, we should also recognize that the trend of globalization is irreversible, and any country that tries to decouple will face a series of challenges that we need to work together on a global scale to solve.