China Warns Decoupling Would Cost West $23.6 Trillion by 2050

1 articles · Updated · Global Times · Jul 15

Lin Jian said Europe and the US would pay heavily to cut reliance on China, warning that forced supply-chain reengineering would “cost everyone more and deliver less.”
The warning followed an EY-Parthenon study cited by the Financial Times estimating decoupling costs at $13.7 trillion for the US, $9.1 trillion for the eurozone and $800 billion for the UK by 2050.
Lin argued the figures show global industrial chains are deeply interconnected and that security should come from cooperation rather than isolation or protectionist barriers.
China said it will keep pursuing high-standard opening-up and work with other countries to keep supply chains stable, unimpeded and resistant to bloc confrontation.