China and the United States do not want to comprehensively disclose confrontation or war, but fierce or extreme competition is the decisive characteristics of Sino -US relations.Singapore hopes that competition between China and the United States can have protective fence control, but people must also prepare for unpredictable or even dangerous consequences.

Vice Premier and Minister of Finance Huang Xuncai Monday (August 14) pointed out at the "Re -Creation Fate" meeting to commemorate the 100th birthday of Founding of the National Prime Minister Li Guangyao that the global multilateral trading system is no longer based on economic logic in the face of impact and globalization.Running and major changes in the nature of Sino -US relations will be the three major changes that Singapore will worry about.

First of all, the consensus for the formation of free trade and win -win economic cooperation in the past few decades has lost, and some governments will actively intervene in market operations.This includes the reconstruction of the industrial foundation in Western developed countries, reducing contact with geopolitical opponents, and strengthening the field of security.

Secondly, although the overall trade flow of the world is higher than the level before the crown disease epidemic, global trade investment will change, and it will be affected by geopolitical stations and security affairs, rather than running based on economic logic.

Huang Xuncai said: "We have seen the polarization of high -end semiconductor chips. I believe that the phenomenon of differentiation will be expanded to a new field, especially quantum computing or artificial intelligence.This scope, but even if there is a choice of differentiation in the technical field, it will have a huge profound impact on the overall economy. "

Third, for a long time, the United States has been advocating strategic contact and a member of the responsible responsible in China in the global system, but now more and more people in the United States think this is a failure, and it is believed that China's rise has threatened the rise of China.The interests and values of the United States should shift from strategic contact to strategic competition.

Huang Xuncai pointed out that Singapore hopes that all this will not happen, because these major changes means that Singapore will operate in a less friendly and enthusiastic external environment, but Singapore can only accept reality, adapt and learn how to be in this new newFind the direction of progress in the environment.

Huang Xuncai answered the questioning of the US CNN program host Dr. Fareed Zakaria in the dialogue.The problem of excessive borrowing rate in real estate companies.The weak domestic demand and the decrease in export trade due to the sanctions of the West and the United States, making the Chinese economy facing many difficulties.

Huang Xuncai said that he believed that the Chinese government had realized that it was necessary to stimulate demand through some way."Those very capable and pragmatic technical bureaucrats know what to do to make consumption recovery, but this must not only implement short -term measures, but also solve the problem of social security networks for a long time."

As for whether the US Biden Government's high -performance chip (chip) ban will slow down China's development.In terms of reliability, weighing weighing, but people always design solutions.

"I think (the ban) will slow down China to obtain high -end technology to a certain extent, but it will not suppress China forever. China will still exist, and the United States must learn to coexist with China. I hope that the two countries can find differences and solve differences, and to solve differences, and to solve differences, and to solve differences, the two countries can find differences and solve differences, and to solve differences, and to solve differences and divergence, and to solve differences, the two countries can find differences and solve differences, and to solve differences, and to solve differences and disagreement, and to solve differences and disagreement, the two countries can find differences and solve differences, and to solve differences, and to solve differences and disagreement, and to solve differences and disagreement, they can find differences and solve differences.How to live peacefully. "