Faced with challenges like geoeconomic fragmentation and tight international LNG supplies, China imported 63.44 million tons of LNG in 2022, down 19.5 percent year-on-year, data from the General Administration of Customs showed.

海关总署的数据显示，面对地缘经济碎片化和国际液化天然气供应紧张等挑战，2022年中国进口了6344万吨液化天然气，同比下降19.5%。

Despite the disruptions caused by the COVID-19 pandemic, soaring prices of various industrial materials and geopolitical fragmentation, BSH's sales revenue grew by 2.5 percent on a yearly basis to 15.9 billion euros ($17.27 billion) in its 2022 fiscal year.

尽管新冠肺炎疫情、各种工业材料价格飙升和地缘政治分裂造成了混乱，但BSH在2022财年的销售收入同比增长2.5%，达到159亿欧元（172.7亿美元）。

She noted that China has a complete supply chain support system, strong logistics, a large market and favorable government policies promoting innovation, making it an attractive destination for global companies, especially amid headwinds such as a gloomy global economic outlook and geoeconomic fragmentation.

她指出，中国拥有完整的供应链支持体系、强大的物流、庞大的市场和促进创新的有利政府政策，这使其成为全球公司的一个有吸引力的目的地，尤其是在全球经济前景黯淡和地缘经济碎片化等不利因素下。

Many opportunities come from the fast-growing trend of diversification and fragmentation of shopping channels after the impact of the COVID-19 pandemic caused many challenges for the world economy in 2020.

许多机会来自新冠肺炎疫情的影响给2020年世界经济带来许多挑战后，购物渠道多元化和碎片化的快速增长趋势。

The executive said there are shortcomings in China's digital agricultural innovation, such as fragmentation of science and technology, partial theory, lack of integration and a lack of scenario-based agricultural production application testing.

这位高管表示，中国的数字农业创新存在不足，如科技碎片化、理论片面、缺乏整合以及缺乏基于场景的农业生产应用测试。

These enterprises are shunning moves toward lower investment, the erosion of human capital and the fragmentation of trade and supply linkages.

Amid worries that the global semiconductor supply chain risks suffering from fragmentation amid trade tensions between China and the US, Sievers admitted that trade tensions are very stressful elements for the semiconductor industry.

Analysts said such a move will undoubtedly increase global burden, as there is already a fragmentation of supplies and trade volumes are dwindling amid the novel coronavirus outbreak.

China's growth in chemicals over the past two decades has been characterized by rapid investment and intense competition and fragmentation across large number of segments, it said.

“Otherwise there is a risk that fragmentation rises because of diverging decisions taken by member states trying to protect themselves.

""Market fragmentation" refers to a phenomenon, where markets are diverse and have different segments that reflect various needs and wants of customers.

Such market fragmentation would leave space for brands like L by Lycra to expand and gain a share, as sophisticated Chinese women tend to have a more functional orientation towards lingerie, said Kim Chi Phung, global business development director at Invista.

Although the country has already formulated a number of policies to support foreign institutions operating or investing in China, there still exist some problems in said policies' actual implementation, such as the fragmentation of day-to-day regulation.

He said the geopolitical context is changing and becoming much more conflictual, posing the risk of economic fragmentation.

Since the beginning of the US-China trade conflicts in 2018, the global industrial chain has witnessed fragmentation and relocation, which was also accelerated to some extent by the COVID-19 pandemic.

But now, some of these 'winds' are blowing in different directions due to the rise of geopolitical conflicts, more fragmented ideological differences about the benefits of openness, and the risks of fragmentation in the digital age," Lamy said.

The constant fragmentation and erosion of the world trading system, we must stop it.

Even though the Chinese and Turkish economies have been affected by softening global goods demand and geo-economic fragmentation in recent years, the degree of interdependence between the two remains stable in bilateral trade, he said.

"The weaker growth prospects also reflect the rising incidence of climate risks, with increased frequency of large natural disasters and rising geo-economic fragmentation" such as US-China trade tensions, Gourinchas said.

Also, China needs a multifaceted strategy to address the long-term challenges of its aging population, climate change and geoeconomic fragmentation, he said.

As the world is saddled with weakening demand for goods and geo-economic fragmentation, there is an urgent need for the world's policy-makers to cement collaboration to overcome obstacles that hinder global trade and investment across the board.

Regional retail players have spurred development given further fragmentation.

When facing mounting risks and obstacles, certain countries have chosen to politicize economic and trade matters, as well as pursue decoupling and fragmentation, leading to confrontations and conflicts and significantly disrupting the security and stability of global supply chains.

Despite a weakening demand for goods and geoeconomic fragmentation, China's trade in services flourished on the back of continuous opening-up, stable recovery of the services sector and ongoing digitalization.

In his speech at the Summer Davos opening plenary, Klaus Schwab, executive chairman of the World Economic Forum, called for global efforts to fight fragmentation and strive for dialogue, understanding and collaboration.

Ngozi Okonjo-Iweala, director-general of the World Trade Organization, said during a panel discussion that decoupling and fragmentation are something that the world simply cannot afford to have.

His views were echoed by Ngozi Okonjo-Iweala, director-general of the World Trade Organization, who called for more efforts to build global resilience and said that decoupling and fragmentation will be costly for the world.

The IMF estimates (the long-term cost of trade fragmentation could be as high as) 7 percent (of global GDP)," she said at the same forum on Tuesday.

So, decoupling and fragmentation are something that the world simply cannot afford to have," she added.

Decoupling and fragmentation will be costly for the world, said Ngozi Okonjo-Iweala, director-general of the World Trade Organization on Tuesday.

The IMF estimates (long-term cost of trade fragmentation could be as high) 7 percent (of global GDP)," she told a forum on Tuesday during the 14th Annual Meeting of the New Champions, also known as the Summer Davos Forum.

"So, decoupling and fragmentation is something that the world simply cannot afford to have.

Impacted by multiple headwinds, such as a weakening demand for goods and geoeconomic fragmentation, China's foreign trade grew at a slower pace than expected in May, while the country's total export and import value expanded 0.5 percent to 3.45 trillion yuan, data from the GAC showed.

Despite the obstacles presented by protectionism and geoeconomic fragmentation, the summit set up a strong basis for long-term cooperation in many areas, such as infrastructure, trade, regional connectivity, green growth and cultural exchanges.

FDI:xa0Foreign companies plan to expand investmentChina should adopt more effective measures to sustain the inflow of foreign direct investment this year amid growing external challenges, ranging from geoeconomic fragmentation to a gloomy global economic outlook, experts and business leaders said on Tuesday.

Despite a rising challenge of global trade fragmentation, China remains a key part of the value chain in the Asia-Pacific region, chief economist of Asian Development Bank (ADB) Albert Park said in an exclusive interview with Xinhua.

China, Japan and South Korea should cooperate to strengthen ties, they sayFacing challenges caused by protectionism and geo-economic fragmentation, joint efforts should be made to boost regional economic integration among China, Japan and South Korea in the next stage, experts from home and abroad said on Sunday.

The attendees decided to launch targeted rectification campaigns to address pressing concerns such as local protectionism and market fragmentation in key areas.

Attendees at the meeting agreed that a targeted rectification campaign will be launched to address such pressing concerns as local protectionism and market fragmentation in key areas.

To ease the pressure caused by factors ranging from geoeconomic fragmentation to a gloomy global economic outlook, China has accelerated the pace of further releasing its market potential and smoothed channels for coordination and communication between the government and foreign companies, said Zhang Fei, deputy director of the Chinese Academy of International Trade and Economic Cooperation's Institute of Foreign Investment.

Despite challenges ranging from the disruption caused by the COVID-19 pandemic to geo-economic fragmentation, China's imports rose by 0.02 percent on a yearly basis to 5.65 trillion yuan in the first four months of this year, customs data show.

Despite external disruptions such as geoeconomic fragmentation and a gloomy global economic outlook, China's direct investment in CEE countries rose by 148 percent year-on-year in the first quarter of the year, while the trade value between the two sides rose 1.6 percent on a yearly basis to $33.3 billion.

"Georgieva said that trade fragmentation resulting from the rising geopolitical tensions could increase financial stability risks, potentially reducing global economic output by between 0.2 percent and 7 percent.

She said that trade fragmentation resulting from the rising geopolitical tensions could increase financial stability risks, potentially reducing global economic output by between 0.2 percent and 7 percent.

So we can rationally accept there would be some cost, there would be some fragmentation but keep this cost low," she said.

In addition, it said that geoeconomic fragmentation, including developments stemming from Brexit, ongoing US-China trade disputes and conflict in Ukraine, has also contributed to the weaker outlook, as has a slower expected pace of supply-enhancing reforms.

Faced with the characteristics of miniaturization and fragmentation of foreign trade orders, more and more domestic enterprises have begun to choose self-adjustment, in order to adapt to the changing global market demand.

On Thursday, Kristalina Georgieva, managing director of the International Monetary Fund, called for a step change in international cooperation to reduce the impact of economic fragmentation and geopolitical tension, in order to make the global economy more vibrant and create better opportunities for all.

IMF research shows that the long-term cost of trade fragmentation could be as high as 7 percent of global GDP — roughly equivalent to the combined annual output of Germany and Japan, she said.

As both the Chinese and French economies have been disrupted by challenges ranging from the COVID-19 pandemic to geoeconomic fragmentation, their bilateral trade value dropped 4.4 percent year-on-year to $81.23 billion in 2022, data from China's General Administration of Customs showed.

China and Singapore's economic and trade ties will be reinforced by high-level free trade deals in the coming years, effectively mitigating the impact of geoeconomic fragmentation and creating new investment opportunities in each other's markets, said trade experts and business leaders on Monday.

While calling for solidarity and cooperation to cope with global challenges, they expressed their opposition to bloc confrontation, protectionism, unfair competition and economic fragmentation.

In the context of a global economic slowdown and the risk of increasing fragmentation of globalization, Asia is expected to accelerate its pace of overall economic growth, said the report titled "Asian Economic Outlook and Integration Progress.

"Such measures could effectively mitigate the impact of geoeconomic fragmentation and sluggish global recovery," Deng added.

IMF official says reforms, focus on consumption key to balanced growthChina's unswerving commitment to high-level opening-up is "very welcome" when rising geo-economic fragmentation is threatening global growth, said a senior official of the International Monetary Fund.

Krishna Srinivasan, director of the Asia and Pacific Department of the IMF, told China Daily that rising geopolitical tensions in recent years have raised the risk that fragmentation pressures could add to global headwinds and cause a slowdown in trade and foreign direct investment flows.

Particularly, IMF estimates showed that the Asia-Pacific region could suffer significantly in a severe fragmentation scenario, with medium-term output losses of over 3 percent of GDP, Srinivasan said.

Risks also linger regarding geopolitical tensions, supply chain fragmentation and interest rate rises in the United States.

In the report, the IMF warned of the risk of growing forces of geopolitical fragmentation, as the conflict in Ukraine and the related international sanctions are splitting the world economy into blocs and reinforcing earlier geopolitical tensions, such as those associated with the US-China trade dispute.

The theme of the WEF Annual Meeting -- "Cooperation in a Fragmented World" -- "perfectly sets out the dilemma: we need cooperation, yet we face fragmentation," he said.

We must dig deep into the causes of fragmentation, promote positive-sum games, identify the possible converging areas of cooperation, and explore the mechanisms for doing so," he said.

"The current high inflation, low growth, high debt and high fragmentation environment reduces incentives for the investments needed to get back to growth and raise living standards for the world's most vulnerable," WEF Managing Director Saadia Zahidi said in the statement.

CALLS FOR GLOBALIZATION, COOPERATIONThe manifold political, economic and social forces are creating increased fragmentation on a global and national level, said Klaus Schwab, founder and executive chairman of the WEF, ahead of the annual meeting.

"We see the manifold political, economic and social forces creating increased fragmentation on a global and national level.

"It pushes back against trade protectionism and fragmentation in 30 percent of the world economy and is a huge stabilizing factor in the global trading system.

"It pushes back against trade protectionism and fragmentation in 30 percent of the world economy and is a hugely stabilizing factor in the global trading system.

The IMF is ready to work closely with China to prevent fragmentation of the world economy and jointly respond to common challenges, she said.

It said that, in the longer term, rising geopolitical tensions pose risks of fragmentation through financial decoupling pressures and limits to trade, foreign direct investment and knowledge-exchange around technology.

The IMF also said China, together with other countries, can play a leading role in multilateral efforts to address global challenges amid the increasing threat of geo-economic fragmentation and rising levels of debt distress among several low-income countries and some emerging markets.

"With the prospect of greater geo-economic fragmentation posing significant risk to the region, the IMF's report pointed to signs of fragmentation, with trade-related uncertainty spiking and countries imposing more trade restrictions in recent years.

Srinivasan said there is a need for international cooperation to roll back trade restrictions, reduce policy uncertainty, and promote open and stable trade to avoid the most harmful fragmentation scenarios, and to ensure that trade continues to act as an engine of growth.

In conclusion, it said, successful multilateral cooperation will prevent fragmentation that could otherwise reverse gains in the economic well-being from 30 years of economic integration.

As a matter of fact, the increased distortion of economic structure and fragmentation issues in the global economic system are common problems faced by nations worldwide, including China.

Dong Yifan, assistant research fellow at Institute of European Studies at the Beijing-based China Institutes of Contemporary International Relations, said the Quad's efforts to create a small, exclusive circle risk fomenting divisions rather than promoting cooperation in the global digital economy, and causing fragmentation of the corresponding rules, mechanisms and markets.

"One would hope that what we take away from these shocks, the pandemic and the war in Ukraine is not to have more fragmentation, but to have greater integration across countries, which would strengthen supply chains and so on," said Srinivasan.

"There is one more hanging over our heads, the risk of geopolitical fragmentation, which could jeopardize the development gains of the last 75 years," she said, adding that it also leaves countries unable to deal with the current crisis and to address other urgent global challenges such as climate change.

"The report also warned that the conflict increases the risk of a more "permanent fragmentation" of the world economy into geopolitical blocks with distinct technology standards, cross-border payment systems and reserve currencies.

Regulatory fragmentation causes high implementation costs.

As of Oct 15, 2020, there were 2,901 bilateral investment agreements (BITs) and 390 other investment agreements, and these inconsistent forms and contents of international investment agreements have formed a "spaghetti bowl effect", leading to the fragmentation of international investment cooperation.

The de-sinicization in the semiconductor supply chain that the US government is vigorously promoting is systematically breaking the integrity of the global chip market, which will inevitably lead to market fragmentation.

Breaking local protection and market fragmentation is part of a wide-ranging push for an effectively regulated, fair, competitive and fully open market across the country's energy sector, he said.

Payment service providers may also struggle to operate among themselves due to a lack of standardization, implying a fragmentation of the international payments system, the report said.

"Douyin and the Little Red Book illustrate the rapid user-generated content, which is leading to further fragmentation of consumer attention," said Kruh.

China should leverage its super large chip market to promote re-globalization of the semiconductor industry chain, which risks greater fragmentation amid United States-led export control measures, experts said.

"Through a complicated process of disassembly, fragmentation, separation, purification, smelting, and so on, we extract the nickel, cobalt and other metals," Zhang says.

Move against China would affect all players in semiconductor industryWashington's reported plan to announce new restrictions on China's access to US chip technology will severely disrupt the global semiconductor sector, which has already been struggling with risks of fragmentation amid the COVID-19 pandemic, experts said on Thursday.

Such efforts severely disrupt the global semiconductor industry, which has already been struggling with risks of fragmentation amid the COVID-19 pandemic, and increased uncertainties for thousands of chip companies globally, Bai added.

Bai Ming, a senior research fellow with the Chinese Academy of International Trade and Economic Cooperation, said, "The global supply chain already risks fragmentation amid the COVID-19 pandemic, and the latest move from the US government would make things worse.

Such a move will undoubtedly add a burden on the world, which is already struggling with fragmentation of supplies and dwindling trade volumes amid the novel coronavirus pandemic.

However, Diamond described geo-economic fragmentation as the global economy "splitting into different parts of the world with different groups and ending with less efficient trade and less efficient production all around the world".

"So, I'll try to talk from the perspective of a financial crisis expert to think about the role of geo-economic fragmentation and whether we're soon to see a change in the trend toward more and more fragmentation.

To try to reverse the trend of fragmentation seems difficult, he said, and it is going to require multilateral cooperation across the different factions in the world that are trying to protect themselves from each other.

In addition, there is increasing fragmentation in global supply and industrial chains, thus reducing the efficiency of resource allocation and raising production costs worldwide.

The world needs to strengthen international policy coordination, reduce the spillover of cross-border risks, and promote the construction of a new global economic and financial governance system that upholds cooperation and win-win principles and can solve problems rising from the fragmentation of the current global economic and financial governance system, he said.

This is especially important when the global market is complicated by multiple uncertainties such as geopolitical conflicts, fragmentation of supply chains, high inflation and monetary policies leading to rising interest rates, she said.

"That is brewing risks of market fragmentation and privacy infringement.

One of the potential issues is that having different digital wallet operators could lead to data fragmentation or isolation of information, and the central bank may need to consider ways of controlling the trans-action costs, said Huang Yiping, deputy dean of the National School of Development at Peking University and chairman of China Finance 40 Forum's Academic Committee.

For families whose children are studying abroad, choosing the right school is a difficult problem to overcome, due to the fragmentation and asymmetry of information.

Efforts on this front will also help address the fragmentation in regulatory systems, industry standards and trade practices, so as to create a more seamless and integrated market climate featuring improved efficiency and increased competitiveness, they added.

She called on all parties to keep global supply chains steady and smooth to prevent fragmentation risks, saying that the IMF will work to achieve positive outcomes in the general quota review.