Key points High risk of legal instability and unpredictability Economic coercion negating the advantages of free trade Making rules to correct adverse effects of system differences WATANABE Mariko, Professor, Gakushuin University At the G7 Hiroshima Summit in May, there was a directional shift from “decoupling” to “de-risking” in relations with China. The term “de-risking” was proposed by Ursula von der Leyen, President of the EU, but similar views were expressed in statements by National Security Advisor Jake Sullivan and Secretary of the Treasury Janet L. Yellen. In a speech in April, Yellen presented three principles of economic China policy: (1) first of all, securing the national security interests of the United States, allies, and partners as well as protecting human rights, (2) otherwise, fair and healthy economic competition with China, and (3) cooperation on global challenges. Sullivan said that “Export controls ... ... [Read more]