Companies and governments need a better mutual understanding of how they view each other’s approach towards China.
National Security Advisor Jake Sullivan meeting with Chinese Foreign Minister Wang Yi in Washington, D.C., October 27, 2023. Credit: Jake Sullivan via X, formerly known as Twitter
In May this year in Hiroshima, G-7 leaders agreed that “de-risking not decoupling” should be the basis for its member countries’ economic resilience and security when it comes to China. Yet one month later, German Chancellor Olaf Scholz strikingly declared that “de-risking…is mainly about decisions that need to be taken by companies.”
By eliding the critical role governments play in shaping the context for corporate decisions, Scholz’s words highlight a deeper truth. De-ri
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California-based Jupiter Systems sold high-tech wall screens to U.S. military and government clients. On June 14, The Wire China revealed how Jupiter was sold to a Chinese company in 2020 without the first Trump administration’s knowledge. Now Trump is back and on the case as Jupiter teeters on the verge of bankruptcy.
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