the title of his speech was unpacking the new order. i think what he was basically talking about was the united states leading western efforts to try to impose technology sales to china to make china less capable with things like chip making and green technologies and i have to say that many people in that room, business delegates, would probably agree with him. the old order, if you want to call it that, the idea of countries making stuff that is the quickest and efficient countries, making it and then selling it so people who need it, i think that worked for many businesses. the problem is that western governments were not that happy about that because if you have a dominant partner, that does pose a threat to you if you are a western country and that is why you see chip technology restrictions in the us and the retaliation, the rare earths potential ban or at least restriction of what china has to the rest of the world. this is fundamentally what the tension is at this con
interesting. he was basically saying that the idea of globalisation was irresistible and irreversible and that any efforts to enact protectionist policies would lead to nowhere. the title of his speech was unpacking the new order. i think what he was basically talking about was the united states led western efforts to try and impose technology sales to china for the two basically make china less capable of things like chip making and green technology. i got to say, i think a lot of people in that room, business delegates would probably agree with him. the old order, if you want to call her back, the idea that countries making stuff the quickest are the cheapest and most efficient countries, making and selling it to people who need, i think that works for a lot of businesses. the problem is that western governments weren t happy with that because if you have a dominant, that does pose a threat if you re western country that s why you see things like chip making technology rest
gathering of global, political officials, former officials, economic leaders and the guest speaker this morning was hengjun, the new vice president of china. i ll run you through some things he said which was interesting. he said things like protection of unilateralism will lead nowhere, that globalisation is irresistible and irreversible and i have to say people are listening to him, delegates, these are people who represent these are people who represent the global businesses around the global businesses around the world probably agreed with him because the old system he talks about, the globalised system where china makes cheaply, efficiently, traders open between countries, that does benefit business. people who are bit more nervous about these kinds of things our government, western governments and notify the united states if you are more dominant china, cuc things like the united states fully and restrictions on ownership technology. you see the us curbing investment in