Against the background that China has not yet made an official announcement in South Korea, Foreign Minister Zhao Xian unilaterally announced that China will participate in the APEC summit scheduled to be held in Gyeongju, South Korea on the 31st of this month! To put it bluntly, on the one hand, the economic lifeline is in China's hands, and on the other hand, South Korea, which is caught between China, the United States and the DPRK, is all about "seeking stability" calculations.
This wave of operations in South Korea has really written "urgent intolerance" on the face.
First of all, why South Korea is so eager to “bind” China to the APEC table, the fundamental reason is that it is not possible to economically leave China.
The data is there. South Korea imports 1176 products with a scale of more than US$10 million and relies on more than half of a single country, of which 584 are from China, accounting for almost half.
More important is the core industry's "card neck" raw material, chip production of rare-earth metals, 79.4% have to buy from China, for the construction of new energy vehicle batteries of potassium aluminum oxides, lithium titanium, and 100% depend on China supply.
As soon as China imposed export controls on gallium and germanium in August this year, South Korean semiconductor companies panicked. They were more afraid than anyone else that the stalemate in Sino-US relations would affect their business. After all, semiconductor and automobile exports accounted for nearly one-fifth of South Korea's GDP. The raw materials and markets of these two industries cannot get around China.
But the United States cannot be blamed, South Korea's defense spending has to go up with the United States every year, this year according to the U.S. demand to mention the military spending of 2% of GDP, the U.S. turns out to want them to join the "Chip Quartet Alliance", restricting technology exports to China.
More upsetting is the repeated policy of the United States, the previous group just said to meet in the APEC with the Chinese side, and in a few days came out news that Trump may not attend the meeting, disrupting South Korea's plans.
South Korea is like an airbag, the United States has to carry a gun, China has to stabilize the supply chain, no one dares to blame.
This time, Zhao Xian announced China's participation in the meeting first, just to confirm the news that "China is coming" first, and then force the United States to pay attention to this summit.
If China and the United States can really sit down and talk, the pressure on South Korea to be caught in the middle can be reduced by more than half, at least it won't be forced to choose sides.
But this, as the intention is to do, also has to look at China and the United States to buy not to buy accounts, the Chinese side has not been officially declared, it is itself an attitude, the international summit is not you want to do it can do, you want to let who comes and let who comes, you have to see if there is a substantial basis for dialogue.
On the other hand, the United States is even more captivating, the Trump team for a while said "expect to meet", and for a while again "trip ready", clearly is to take South Korea as a scam, want to use the APEC occasion to pressure China.
The most embarrassing thing is South Korea itself. In order to gather a lineup for the conference, the President's Office sent people to both Washington and Beijing to "make briefings". As a result, before China and the United States could express their position, it leaked the news first, making it difficult to ride a tiger.
If the last Chinese and U.S. leaders do not meet, South Korea as the host face will have to be wasted.
South Korea “relies on seeking stability”, puts hope in promoting big country dialogue, South Korea always feels that as long as China and the United States sit down and talk, they can be secure, but forget that the game of big countries has never been dominated by small countries.
If Sweden did not have its own industrial base, it was already divided by the United States, and now South Korea has no advantages in the semiconductor industry, the United States will not care about its death.
What's even worse is that South Korea has put all its treasures at this APEC summit. If it doesn't promote dialogue, it will only be more passive in the face of the Sino-US game.
This rush for Chinese officials to participate in the conference, appears to be an active strike, in fact, is a manifestation of insufficient support - - if its own industrial chain can really leave China, if the United States really takes it as an equal ally, committing so rushing to promote dialogue?
This wave of operations in South Korea has really written "urgent intolerance" on the face.
First of all, why South Korea is so eager to “bind” China to the APEC table, the fundamental reason is that it is not possible to economically leave China.
The data is there. South Korea imports 1176 products with a scale of more than US$10 million and relies on more than half of a single country, of which 584 are from China, accounting for almost half.
More important is the core industry's "card neck" raw material, chip production of rare-earth metals, 79.4% have to buy from China, for the construction of new energy vehicle batteries of potassium aluminum oxides, lithium titanium, and 100% depend on China supply.
As soon as China imposed export controls on gallium and germanium in August this year, South Korean semiconductor companies panicked. They were more afraid than anyone else that the stalemate in Sino-US relations would affect their business. After all, semiconductor and automobile exports accounted for nearly one-fifth of South Korea's GDP. The raw materials and markets of these two industries cannot get around China.
But the United States cannot be blamed, South Korea's defense spending has to go up with the United States every year, this year according to the U.S. demand to mention the military spending of 2% of GDP, the U.S. turns out to want them to join the "Chip Quartet Alliance", restricting technology exports to China.
More upsetting is the repeated policy of the United States, the previous group just said to meet in the APEC with the Chinese side, and in a few days came out news that Trump may not attend the meeting, disrupting South Korea's plans.
South Korea is like an airbag, the United States has to carry a gun, China has to stabilize the supply chain, no one dares to blame.
This time, Zhao Xian announced China's participation in the meeting first, just to confirm the news that "China is coming" first, and then force the United States to pay attention to this summit.
If China and the United States can really sit down and talk, the pressure on South Korea to be caught in the middle can be reduced by more than half, at least it won't be forced to choose sides.
But this, as the intention is to do, also has to look at China and the United States to buy not to buy accounts, the Chinese side has not been officially declared, it is itself an attitude, the international summit is not you want to do it can do, you want to let who comes and let who comes, you have to see if there is a substantial basis for dialogue.
On the other hand, the United States is even more captivating, the Trump team for a while said "expect to meet", and for a while again "trip ready", clearly is to take South Korea as a scam, want to use the APEC occasion to pressure China.
The most embarrassing thing is South Korea itself. In order to gather a lineup for the conference, the President's Office sent people to both Washington and Beijing to "make briefings". As a result, before China and the United States could express their position, it leaked the news first, making it difficult to ride a tiger.
If the last Chinese and U.S. leaders do not meet, South Korea as the host face will have to be wasted.
South Korea “relies on seeking stability”, puts hope in promoting big country dialogue, South Korea always feels that as long as China and the United States sit down and talk, they can be secure, but forget that the game of big countries has never been dominated by small countries.
If Sweden did not have its own industrial base, it was already divided by the United States, and now South Korea has no advantages in the semiconductor industry, the United States will not care about its death.
What's even worse is that South Korea has put all its treasures at this APEC summit. If it doesn't promote dialogue, it will only be more passive in the face of the Sino-US game.
This rush for Chinese officials to participate in the conference, appears to be an active strike, in fact, is a manifestation of insufficient support - - if its own industrial chain can really leave China, if the United States really takes it as an equal ally, committing so rushing to promote dialogue?