I would agree that the difference between de-risking and decoupling is semantics. That said I’m not sure the Treasury’s cited description is what many businesses would endorse. De-risking your supply chains doesn’t necessarily mean shutting down your China business altogether.
The unfortunate truth, which I don’t think the Adam Tooze type reasoning addresses, is that if Janet Yellen is too hawkish, and the engagement status quo ante failed to produce an acceptable CCP, then we are up-river without a paddle.
There is an important wordsmithism that needs to be found to define disengagement. But we should be under no illusion that disengaging is what we are doing, at least partially, as us China’s CCP in its own ‘relentless’ way
Basic point is on the money. One problem, tech -- like AI and Supercomputer chips and chip-making equipment are dual use and will increasingly be a driver of econ growth, not surprised China reads it as containment.
I would agree that the difference between de-risking and decoupling is semantics. That said I’m not sure the Treasury’s cited description is what many businesses would endorse. De-risking your supply chains doesn’t necessarily mean shutting down your China business altogether.
The unfortunate truth, which I don’t think the Adam Tooze type reasoning addresses, is that if Janet Yellen is too hawkish, and the engagement status quo ante failed to produce an acceptable CCP, then we are up-river without a paddle.
There is an important wordsmithism that needs to be found to define disengagement. But we should be under no illusion that disengaging is what we are doing, at least partially, as us China’s CCP in its own ‘relentless’ way
George Magnus
Basic point is on the money. One problem, tech -- like AI and Supercomputer chips and chip-making equipment are dual use and will increasingly be a driver of econ growth, not surprised China reads it as containment.
This is a tad more pointed assessment: https://thehill.com/opinion/national-security/3973023-us-china-tensions-are-spiraling-on-both-sides-we-need-a-resolution/
The cases to charge "China has behaved badly" are kind of weak, aren't they?
Excellent post.
Thank you so much, I was supposed to have watched that webcast live.
Talk about thin gruel! https://www.pewresearch.org/global/2022/09/28/how-global-public-opinion-of-china-has-shifted-in-the-xi-era/