The stance of the US-China Business Council is debatable. May I ask, I don't think this is a retreat from globalization, but rather de-Sinicization? What he calls historical inevitability means that as soon as a second-place power emerges, it must be dealt with this way, making it nearly impossible for future third or fourth powers like China to replicate China's path.
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At the roundtable forum of this conference, two of my very niche views for this year were validated:
1. The end of globalization is historically inevitable, and Trump is not the originator. Even without Trump, the trend would not change—from the speech by the chairman of the U.S.-China Trade Council;
2. The impact of AI on the labor market will be more severe in China than in other countries due to the country's demographic structural changes (aging before becoming rich, incomplete social security system). However, it will be difficult to disprove in the short term because the mainstream narrative will attribute high unemployment rates to insufficient demand.
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