"De-risking" has become a popular term among officials in Washington and some Western capitals as they attempt to contain China. While the term may sound milder than "decoupling," analysts argue that the two words are essentially the same thing.
The change in narrative is seen as another word game played by Washington and its allies, as they continue their containment of China. The shift to de-risking comes as the United States has been struggling with multiple economic woes, including the risk of default on debt, financial turmoil, and the sudden collapse of several banks.
Decoupling from China is unwise and unbearable for U.S. companies and consumers, as affordable Chinese products enable them to avoid a more severe cost of living crisis. Furthermore, figures show that decoupling from China goes against the trend, as U.S.-China trade in goods hit a new record of 690.6 billion U.S. dollars in 2022.
Washington's use of the term de-risking is seen as an attempt to paper over cracks with its allies, as decoupling could drag down the U.S. economy and drive away its allies. While the United States needs China's cooperation in some fields, it wants to continue its containment of it.
However, the use of the new word represents Washington's renewed effort to appease its allies. "De-risking" is hardly different from decoupling, as Washington has been stepping up its siege of China in high technology and other areas.
The risks the United States and its allies face are induced by China, and only by containing China can they eliminate them. Such a hegemonic mentality creates real risks for the world.
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