US President Joe Biden and his European allies have repeated in recent months a desire to “de-risk” rather than “cut off” from the Chinese economy as a way to explain the plethora of new restrictions on trade with China. have emphasized. The problem is that it is no different for China.
Chinese state media, officials and academics have publicly denied the distinction in recent weeks, in a seemingly concerted effort to undermine the rhetoric shift. “Risk aversion is just disguised decoupling,” the state-run Xinhua News Agency said in a commentary on Friday.
“A change in language does not change behavior. In essence, risk aversion is little different from decoupling,” officials said, adding that the US was “increasing its siege to China.”
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