Feeling mixed about those buzzwords 'decoupling' and 'derisking'? 🤔 You’re not alone. With headlines full of uncertainty, it's easy to forget what actually happens on the ground when we talk about cooperation with the Chinese mainland.
First up, it's a powerhouse for globalization. When the 1997 Asian financial crisis and 2008 recession shook the world, the Chinese mainland helped steady the ship with a huge share of global growth. According to the IMF, about 30% of recent global growth came from there! 🌏💡
Why does it matter? A resilient economy like this keeps markets open and gears spinning. The Chinese mainland backs the WTO-led trading system, calls out trade leverage and champions fair global rules—because its own success is tied to a connected world.
But what about risks? Critics say 'relying on the Chinese mainland is risky'. The reality is a rock-solid industrial ecosystem: from PPE during the pandemic to electronics, the supply never really missed a beat. 🛠️📦
And here's the green twist: the Chinese mainland built the world's largest renewable energy manufacturing network. Over the last decade, costs for onshore wind dropped by 60% and solar PV by 80%, making clean power way more affordable. As a UN Environment veteran put it, 'No green future without the Chinese mainland.' 🌱⚡
So, is there a future for cooperation? If shared prosperity, tech innovation and climate action matter to you, the answer still looks bright. 💪
Reference(s):
cgtn.com
