According to Guancha (June 6), speaking at a forum sponsored by the Chongyang Institute of
Financial Studies at Renmin University in China on May 30, Chen Wenling, Chief Economist
at the China Centre for International Economic Exchanges (CCIEE), a Chinese government
think tank, said “China should be prepared for the U.S. strategic containment and suppression
of China, and make sure that the supply chains are under control. . . . We need to sort out the
advantages that will sufficiently scare our opponents and cause them irreversible losses and
pressures. As a countermeasure, we need to stall and slow as much as possible our opponents’
moves to cut off the supply chain, the chain of scientific and technological cooperation, and
the chain of innovation.” He added “If the U.S. and the West impose destructive sanctions on
China as they did on Russia, we must take back Taiwan. In terms of carrying out industrial
chain and supply chain restructuring, we must get hold of TSMC (Taiwan Semiconductor
Manufacturing Company) and other companies that originally belonged to China. They are
accelerating the transfer to the United States to establish six plants over there. We absolutely
cannot let their goal of transfer be achieved.” He also urged: “We need to support Russia openly,
reasonably and by every possible means. For example, the recent Sino-Russian joint air
exercises and so on. We can do more in trade, so that China and Russia can dovetail the ‘Belt
& Road’ with the Eurasian Economic Union proposed by Putin to form a strategic depth in
China, a Silk Road economic belt, and an energy security belt as a major security barrier. It is
necessary to step up cooperation with Europe. Europe is deeply affected by the RussianUkrainian conflict, and the euro will be hit hard economically in the future. In addition, Europe
will see a food crisis, an energy crisis, and a refugee crisis. In the time of crisis in Europe,
China can offer a helping hand and increase cooperation between China and Europe, so that
the two plates of Asia and Europe can return to their historical status as political and economic
centres.”
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