 Now we are ready to take questions from the audience. I hope the microphones are ready. We have Questions here in the front row. This is hand is out for a while then we'll first hear and then there Thank you Yeah, my name is Zakeel IDM special advisor to the higher representative of the European Union I I do believe that it's quite naive to think that China will never use force because they are from a merchant Tradition apart from that I wanted to hear from our Asian Colleagues their reading on the 7th October Decision taken by the United States Which we regard in Europe as an extremely extremely extremely important declaration With huge implications first because the impact is wide Fundamentally the United States is trying to replicate the Hawaii way model to the whole Semi-conductor industry It had been done largely on a unilateral basis and The the point in common that we have with the Chinese with the the Japanese sorry is That one of their firm is like our Dutch firm ASML Largely concerned by the decision. So I didn't read Precise assessment on this so I would be really Happy to hear about the assessment you made I mean in all three countries on this decision, which in my view is One of the most fundamental Decision taken by the administration on the line of the Trump administration. Thank you Oui Deux une question Curiousement on a pop up a little Hong Kong est ce que la cause de Hong Kong est Totalement oublié est ce que la messe est complètement dit ça c'est ma première question pour Jean-Pierre Camestan La deuxième est peut-être plus une remarque peut-être pour notre ami chinois La chine est confronté un recul Économique majeure parce que je prends l'hypothèse que 4% de croissance en chine c'est l'équivalent de la croissance zéro pour nous à peu près est ce qu'il n'y a pas quand même un risque que Face à cette presque échec économique il y a eu une montée en puissance d'un discours nationaliste Et comme l'a dit notre ami indien il n'est pas du tout sûr que si je ping soit aussi Rationnel que nous ne le pensons Across here to the end of the road Alors sans remettre en cause la justesse du Du sujet en l'occurrence la rivalité sino-américaine vous me permettrez de me poser en votre présence des questions En fait le sujet essentiel est aussi les nouveaux mondes qui viennent Réduire l'intégralité de la dynamique des changements actuels à la seule Rivalité sino-américaine Et d'un bon sens d'abord frustrante pour tout le reste cela veut dire que dans l'inconscient des gens qu'il aborde Le monde qui vient va toujours un monde rivalité et domination donc très sympathique pour l'intégralité des autres pays mais au-delà de cette Problematique quand on s'intéresse de très près aux grands acteurs d'abord l'acteur américain Il emporte avec lui son monde sa vision sa philosophie son espace financier il a évolué Il se pose des questions il essaye de rebâtir d'autres alliances il le projette donc c'est déjà un monde c'est un système monde le g7 En face les chinois sont loin d'être inintelligent eux-mêmes ne réduisent pas la révolution à la seule rivalité sino-américaine eux se posent la question si face à un système monde ils peuvent à eux tout seul prétendre le remettre en question et que font-ils Ils essayent de structurer un nouveau monde Qu'ont un sein terrestre à la roue de la soie la réduire à une seule dimension commerciale C'est mes connaître totalement la pensée politique des uns et des autres Ils savent et ils ne sont pas les seuls que face à un monde Essayer de triomphé ou de faire basculer il faut un autre monde D'où d'ailleurs les instruments des uns des autres qui s'appellent embargo qui s'appelle contenir qui ça et à mon sens s'intéressé au monde qui vient aux stratégies développées par les uns et les autres pour mieux comprendre les évolutions qui viennent Et quels sont les stratégies des acteurs serait certainement plus important je vous remercie Well we have three questions which The October to seven decision which is very Trump is like from the Biden administration to constrain China's future science high-tech growth is China Getting weaker or is China going to dictate the order world order last weekend There was a conference in Washington where the Secretary of State Blinken spoke and he said that China is now so strong We have to worry they're going to try to take over Taiwan and a few hours later his deputy spoke and said China is so weak now. We have to worry. They may want to come and Take over Taiwan So that's we got full circularity in our thinking about how to deal with our questions give The panel a chance to to respond to any of you want to speak and then she say there was a direct question directed to you as well We'd like to go first. Oh, well Yes, but I Don't speak don't understand French. I see and I saw I didn't get the questions to me Anyway, I would intervene by saying first of all, there's a great deal of concern in China When you compare Ukraine with Taiwan to all the Chinese Taiwan is part of China Ukraine is a sovereign state So whatever we do to Taiwan is a domestic affairs Whatever we do is the legal and the legitimate So that's why we don't take Taiwan and Ukraine together. This is of course, this is your official position and also the public sentiment that makes some sense the the problem is Of course, most people in people in most countries in the United States Recognize one China and Taiwan is part of China There's a great distinction between US position and US Chinese position on this issue That is United States says it has one China policy and we say we have a run China principle The difference is whether Taiwan is part of time US one China policy says the United States only recognize the PRC as Presentative of China and there's only one time But what is Taiwan? It doesn't say It is some some time very ambiguous about this But another problem we have to worry about is that there is a very strong military commitment made by the United States in defending Taiwan and the last days does does not and did not make such a and commitment to Ukraine that is also one of them a very meaningful difference Thank you, Gisa. I think you also touched in your earlier remarks on the difficulties of overcoming COVID Omicron challenges inside China and the challenges to the Chinese economy's growth in the current period, which I think partly addresses the question that was addressed to you Now to the October 7 and other issues, please panel May I? Yes. Well relating to the alignment of supply chain in the region I think that the many Japanese business companies are now thinking about several important factors number one Chinese population is shrinking while the United States and India population are expanding This is a new trend. The other thing is that Politics in domestic politics in China becomes much more unpredictable than before. This is number two Number three is that there are some Economic risks in the United States not in just in China. It means that as long as the United States government or the Congress is introducing more legal actions to try to decouple the area I mean that that's why Japanese business companies need to consider these new risks To export goods to the United States Because of this, I think that the Japanese business companies more and more Japanese business companies are now diversifying the direction of Japanese investments in other country particularly in Indonesia and India Together with other countries. So this is a new trend Even though China remains really important Japanese trading partner, but we that Relatively speaking I think that the Japanese business company are now diversifying its trading strategy and like before considering American reaction to American decoupling policy which introduced more legal Actions to try to decouple the two economic blocks So can I very quickly respond to your question? I think it's an important question that you asked If you were to remove Xi Jinping era and go back say ten years You would find much of India's anxiety centered around American control of Critical sectors that could be inimical to our growth in the future and it's a fact Whether it's the control of the ICANN whether it's control of some of the key electronic and energy supplies. That was true Today because of the behavior of Xi Jinping There might be a tendency for some to see this as a good political choice to make and perhaps See the US as the lesser of the problem vis-a-vis But China offers today, but for a country of our size, you know, where I'm sitting I think we will have to diversify and we will have to build some of our own capabilities alongside So I think for us Having anyone control the single most important vital ingredient for our economic growth and having only one source As as an option is not very comfortable Like I said go back ten years and Indian anxiety would be about best in control of key Inputs come come in, you know Xi Jinping comes in and suddenly we start seeing the world in a different way But on a longer term, I agree with the Japanese colleague diversification investments into multiple different geographies and Building certain critical capabilities for countries that have size and scale is vital So I think yes, Korean companies are very mindful of the US sanctions And especially the the october 7th is a sweeping ban on Advanced ship sale to China definitely Korea will abide by US sanctions and relevant Loads and regulations. However, in view of the fact that China is the largest market of the world Korean companies will not give it up Therefore Korean companies from now on will be in China But only just for China they will not use China as a whole for exporting to certain certain countries Okay, well, thank you for that. Um, ladies and gentlemen, we've reached the end of our time and we are the last On Hong Kong, which I thought was about you on Hong Kong very very very briefly I would say from a political point of view it's game over I don't think there's any meaningful political life in Hong Kong anymore. So I think it's the Communist Party and its local representatives the so-called Hong Kong patriots Who are running the place? No, it doesn't mean that Hong Kong is totally aligned to China in terms of public freedoms We still have a free access to internet. We I think we see and draw more academic freedom than in China but but but it's part of China and then it's I think And the Communist Party is very much in a driving seat in Hong Kong Well, thank you and thank you audience for staying with us. Please join me in thanking our panel for their observations