“It serves no one’s interest to use the pandemic as an excuse to reverse globalisation and go for seclusion and decoupling.”
Xi’s speech to the World Economic Forum’s annual talkfest is his first since 2017 and was widely aimed at Joe Biden, who was inaugurated as US President five days ago.
Donald Trump used tariffs and sanctions to try to reduce the United States’ reliance on China as part of his decoupling strategy. The West’s reliance on Chinese supply lines shot to prominence more broadly during the coronavirus pandemic, as countries raced to secure limited supplies of medical protective equipment and ventilators made in China.
Australia’s own economic dependence on China has been highlighted following Beijing’s…