The April 2023 edition of the IRMO Brief, authored by Darren Spinck, deals with recent tensions between Beijing and Washington and prospects for US decoupling from China. Growing Taiwan Strait tensions, investigations into Covid-19’s origin, reports of Chinese companies supplying Russia’s military, and human rights abuses in Xinjiang have all accelerated the likelihood of this decoupling. Notwithstanding, the Chinese and US economies are still entangled and the current US administration has not imposed harsh restrictions on inbound investment from China and export controls of emerging and advanced technologies. At the same time, as the US is turning more to renewable energy, China is still opening new coal-fired power plants. The author also analyses the systemic risks of Chinese access to US capital and the measures that the Biden administration should use to prevent US investment into China’s technology industry.
US Economic National Security: Divesting China from America’s Capital Markets
