Financial TimesFinancial Times

De-risking trade with China is a risky business

By Gideon Rachman

29 May 2023 · 4 min read

Editor's Note

The theory behind "de-risking" from China is now reasonably clear. The practice, however, "is much murkier," argues The FT's Gideon Rachman.

The contest for word of the year is already over. In the geopolitical category, the winner is “de-risking”.

This D-word has moved from obscurity to ubiquity in less than two months. It was the centrepiece of a speech about China made in late March by Ursula von der Leyen, the European Commission president. De-risking was then seized upon by the Biden administration. Then, last week, it was endorsed by a G7 summit.

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