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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The former Biden official and China scholar makes the case for the previous administration's approach and discusses why Beijing is content to watch the U.S. now dismantle its sources of strength
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