China’s Warning on Supply Chains Amid Trade Tensions

China cautioned about the risk of global supply chain fragmentation as trade tensions escalate with key partners. Chinese Vice Premier Ding Xuexiang highlighted the rise of unilateralism and protectionism, emphasizing the growing disconnect in supply chains. The European Union is considering countermeasures against China’s trade surplus, while the Group of Seven nations aim to reduce reliance on China for rare earths by 2030. Beijing responded by imposing export controls on US rare earth producers, underscoring its dominance in this critical sector. Ding defended China’s competitiveness, attributing it to the country’s comprehensive industrial chains and vast market. In April, China announced…