'De-risking from China' a false proposition leading to more risks

By Zhu Bochen
0 Comment(s)Print E-mail China.org.cn, July 27, 2023

Editor's note: European Commission President Ursula von der Leyen first proposed the four-pillar strategy of "economic de-risking" from China in March. Since then, the term has been aggressively peddled by Western politicians and the Group of Seven as a replacement for "decoupling" and a new narrative to contain China.

Nevertheless, the perception of the strategy, as observed from Washington and its allies, reveals a clear objective to uphold the prevailing position of the West in the current global economic system and to secure its ongoing control over key technologies, raw materials and the global market.

To a certain extent, the term can be seen as an anti-market practice employed by the West, which has consistently positioned itself as a champion of the free world, in a bid to disrupt the regular functioning of the free market through administrative measures.

In this sense, measures aimed at "de-risking" will inevitably introduce new risks by splitting the once unified global market system into two separate segments, and this division will lead to redundancy in industrial sectors and an escalation in associated costs.

Here, China.org.cn explores the potential risks stemming from the "de-risking" strategy and how it disrupts the established norms of the global market system. 

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