https://www.foreignaffairs.com/china/case-for-hard-break-with-beijing-economic-derisking
Why economic de-risking is not enough.
Why economic de-risking is not enough.
SS: In this article, the author argues for US and western policy to move more aggressively towards decoupling from China. The author argues that simply derisking and onshoring/friend shoring sensitive industries is not enough. Continuing to entangle with Chinese markets while they remain illiberal will only reduce the economic potential of the US and help prop up an authoritarian rival. Unless the US makes a much more thorough break it risks exposing its investors and citizens to economic backlash from an authoritarian regime seeking to upend its place in the world. It also discourages the emergence of a truly liberal and democratic economy in China.