Financial TimesFinancial Times

Western companies take slow steps towards China ‘de-risking’

By Yuan Yang, Patricia Nilsson

25 Sep 2023 · 5 min read

Western companies are slowly insulating their China operations from the mounting tensions over trade and geopolitics between Beijing and the west, as governments call for increased “de-risking”.

The notion, which has replaced the radical “decoupling” as a diplomatic buzzword this year, is a sign that the west is seeking a less antagonistic approach to managing relations with China. But businesses have yet to formulate clear strategies to give it substance, analysts say.

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