MNI BRIEF: US And China Are De-Risking Not Decoupling- Rudd

The U.S. and China are seeking to reduce the risk of becoming dependent on each other for strategic resources and technologies rather than a more fundamental economic break from each other according to Kevin Rudd, Australia's ambassador in Washington and a former prime minister.

“I do not see evidence of decoupling as such” but rather “de-risking,” Rudd said at an IIF panel Wednesday. (See: MNI INTERVIEW: IMF’s Adrian Sees Risks From Frothy Stocks) China's industrial policy over the last decade “has left the United States and allies vulnerable in a whole bunch of areas.”