Foreign Affairs
•72% Informative
In recent weeks, the Biden administration has sought to allay concerns about economic decoupling between China and the U.S. In a 2023 survey of Western businesses, more than 40 percent of respondents anticipated that economic separation between the world’s two largest economies would “greatly strengthen” in 2023, up from under 15 percent in 2022.
The G-7 leaders’ communiqué at the Hiroshima summit in late May firmly endorsed an approach to China based on “de-risking”.
U.S.-Chinese trade in goods reached a record high in 2022, but little de-risking shows up in the data at first glance.
China remains the United States’ third-largest trading partner after Canada and Mexico.
China’s expansion of its counter-espionage law to cover a much wider array of information, coupled with raids on some advisory firms and a pickup in exit bans on foreigners.
China accounts for one-fifth of global GDP and has a consumer class of 900 million people.
Its unique combination of infrastructure investments, human capital, and supplier ecosystem has made it a manufacturing powerhouse.
But for many companies, the Chinese market is too big and too valuable to abandon, despite the geopolitical risks.
De-risking therefore requires sacrificing revenue and efficiency.
VR Score
82
Informative language
87
Neutral language
40
Article tone
formal
Language
English
Language complexity
66
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
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no external sources
Source diversity
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