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Think Tank Leader Urges West to Embrace China’s Initiatives, Reject ‘De-Risking

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In an exclusive interview with The Global Times, Helga Zepp-LaRouche, founder of Germany-based Schiller Institute, discusses the implications of the “de-risking” strategy and its connection to the concept of decoupling. Zepp-LaRouche argues that these terms, while seemingly distinct, share the same geopolitical intention of containing China’s economic rise. She highlights the fallacy behind the “de-risking” policy and emphasizes the importance of cooperation and mutual benefits for global development.

 

The concept of “de-risking” has recently gained significant attention, prompting discussions about its sudden popularity. Helga Zepp-LaRouche suggests that the term was introduced as a more positive alternative to the notion of “decoupling” from China. While “decoupling” carries negative connotations and could potentially harm businesses with investments or trade relations in China, “de-risking” aims to instill confidence. However, Zepp-LaRouche asserts that both terms serve the same purpose: to contain China’s economic growth.

 

According to Zepp-LaRouche, the push for “de-risking” stems from a geopolitical intention to hinder China’s economic rise by restricting access to advanced technologies. However, she argues that this strategy is already outdated. China has become a global leader in patents and key areas of science and technology, such as 5G. The attempt to sever ties with China’s trade and investment partnerships would be impractical, as China possesses well-established infrastructure and a qualified labor force that would take years to replicate in other countries.

Zepp-LaRouche emphasizes the significant changes brought about by the Belt and Road Initiative and other Chinese initiatives over the past decade.

The “de-risking” policy, coordinated through the G7 rich countries’ club, may backfire and harm the originators more than it could hurt China. Zepp-LaRouche points out that the Belt and Road Initiative (BRI), celebrating its 10th anniversary this year, has garnered participation from 151 countries and 30 major international organizations. The G7’s belated realization of the importance of engaging with “swing” states reflects a lack of understanding regarding the desire of Global South countries to end colonialism. Zepp-LaRouche suggests that the G7’s pursuit of “de-risking” jeopardizes their own economies.

The “de-risking” policy, coordinated through the G7 rich countries’ club, may backfire and harm the originators more than it could hurt China.

Within Europe, resistance to the “de-risking” policy is evident in countries like Germany and France. Zepp-LaRouche highlights the struggle faced by these economies, particularly due to increased energy prices resulting from sabotage of the Nord Stream pipelines and sanctions against Russia. Despite French President Emmanuel Macron’s rhetoric on European autonomy, actions are yet to align with words. Germany, facing an existential crisis and potential deindustrialization, is at risk of losing industrial investments to the US through the Inflation Reduction Act. The “de-risking” strategy, if pursued, may lead to the self-destruction of Western economies and marginalize Europe on the global stage.

 

Zepp-LaRouche emphasizes the significant changes brought about by the Belt and Road Initiative and other Chinese initiatives over the past decade. These policies have contributed to the harmonious development of countries worldwide, effectively overcoming poverty and underdevelopment, especially in Global South nations. China’s commitment to innovation and continuous scientific and technological advancements has fueled steady economic growth. Zepp-LaRouche encourages the West to join the initiative for win-win cooperation rather than pursuing containment. By focusing on common goals, humanity can transcend geopolitical barriers and foster a cooperative future.

Zepp-LaRouche encourages the West to join the initiative for win-win cooperation rather than pursuing containment.

Helga Zepp-LaRouche’s interview sheds light on the deceptive nature of the “de-risking” strategy, highlighting its alignment with the concept of decoupling. She warns that pursuing such policies would have negative consequences for the economies of the US and its allies. Instead, Zepp-LaRouche advocates for cooperation and joining China’s global initiatives, which have proven to be instrumental in overcoming poverty and promoting scientific and technological advancements. By embracing collaboration and shared goals, humanity can transcend geopolitical boundaries and work towards a prosperous future.

 

 

 

M Moiz
M Moiz
M Moiz, is Research Student at Islamabad research Institute and work with THE THINK TANK JOURNAL

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