Feb 9 • 07:15 UTC 🇬🇷 Greece Naftemporiki

China: Opposes Disruption of Existing International Economic Order – Comment on Trump’s Project Vault

China has expressed its opposition to any country that disturbs the international economic and trade order, in response to the US-organized 'Alliance for Critical Minerals.'

China has publicly voiced its disapproval of actions taken by any nation that undermines the established international economic and trade order, specifically referencing the recent 'Alliance for Critical Minerals' organized by the United States. A spokesperson from the Chinese Foreign Ministry, Lin Qian, emphasized the importance of maintaining an open and inclusive trade environment that benefits all countries, suggesting that collaboration is key to international stability.

In his statements, Lin Qian highlighted the shared responsibility of all parties involved to play a constructive role in ensuring the stability and security of global production and rare earth supply chains. China's position addresses concerns that exclusive alliances, particularly those formed against China, could exacerbate tensions and disrupt global economic relations. The statement is significant as it comes against the backdrop of rising geopolitical tensions, particularly regarding technological and resource competition.

China's critique of the United States' initiatives, such as Project Vault introduced by former President Trump, indicates a broader strategy to counteract perceived efforts by the US to isolate China economically. Project Vault aims to establish a strategic reserve of critical minerals, but China argues that such initiatives could destabilize international cooperation and exacerbate economic disparities. As countries navigate their alliances and trade agreements in this shifting environment, China's response underscores its commitment to maintaining a multilateral approach to international trade.

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