De-risking China: Economic and Business Implications for the US and Beyond

11/14/23 • 41 min

The term ‘de-risking’ has emerged as a central theme in discussions of the U.S.-China relationship, commanding attention from scholars, economists, and policymakers who are exploring strategies to diversify U.S. economic ties away from China. Since its introduction in March 2023, both the Biden administration and the G-7 have incorporated ‘de-risking’ into their discourse to describe their trade and investment policies concerning China. The widespread adoption of this concept prompts important questions about Washington’s implementation of ‘de-risking’ and its potential implications for U.S.-China business relations and the broader economy. As the United States. pursues ‘de-risking,” how might this strategy affect trade and investment between the United States and China? What steps could China take to respond to U.S. ‘de-risking’ efforts, and how might this impact the global economic landscape?

Join us in a discussion that explores ‘de-risking’ from the U.S. perspective and its potential repercussions on the global economy. Our speakers for this ‘De-risking’ discussion are Diana Choyleva, Chief Economist at the China-focused macroeconomic, political, and geopolitical forecasting company, Enodo Economics, and Dr. Elvire Fabry, Senior Research Fellow at the Jacques Delors Institute.
Intro Music: Meditative Space by MaxKoMusic
/ maxkomusic https://protunes.net/ MaxKoMusic - Meditative Space (Scienc...

Previous Episode

Reshaping the World’s Wallet: The Reality of De-dollarization

For decades, the U.S. dollar has reigned supreme as a dominant force in global markets, earning it the moniker of a “global currency.” This dominance has bestowed significant economic, political, and social advantages upon the United States. However, critics contend that the dollar’s supremacy might come at a price, potentially leading to issues like increased unemployment and debt. It has also ignited conversations about the merits of transitioning to a multipolar currency system that could benefit not just the U.S., but the entire world. Since August, the BRICS nations have been considering reducing their dependence on the U.S. dollar in international trade, as exemplified by China’s recent endeavors to enhance the status of the renminbi (RMB). As the U.S. dollar’s role in global markets diminishes, how should the U.S. prepare for this new reality? Should the U.S. government take steps to maintain the dollar’s status as the global reserve currency? How are recent efforts by China to elevate the status of the renminbi (RMB) affecting the global currency landscape?
"Sunrise Expedition" by Joseph McDade
Night on the Docks - Trumpet, Kevin MacLeod
CC BY 3.0, http://incompetech.com/music/royalty-...

Next Episode

UN Limited Potential? Adapting the United Nations for Modern Global Challenges

With the UN Security Council failing to issue a unified response to the Israel-Hamas war, questions about the efficacy of the UN and its structures are again at the fore. Furthermore, competing multilateral blocs like NATO, the Shanghai Cooperation Organization (SCO), and the now-expanded BRICS alliance are asserting their significance, influencing global decision-making and reshaping multilateral engagements. Against this backdrop of shifting dynamics of global multilateralism, what challenges and opportunities arise for the UN? How can it be effective in addressing daunting global challenges like climate change and pandemics, as well as regional conflicts? Is an expanded Security Council, as President Biden suggested, as answer? With power centers shifting, how can we reimagine the future of diplomacy, cooperation, and, most importantly, multilateralism? Join us for a conversation Dr. Stewart Patrick, Senior fellow and Director of the Global Order and Institutions Program at the Carnegie Endowment for International Peace and Professor Waheguru Pal S Sidhu, Clinical Professor and Director of the United Nations (UN) Specialization at the Center for Global Affairs, School of Professional Studies, New York University.