De-risking China: Economic and Business Implications for the US and Beyond

De-risking China: Economic and Business Implications for the U.S. and Beyond

Virtual Briefing Series

Wednesday, November 8th, 2023 | 12:00 PM – 1:00 PM ET

The term ‘de-risking’ has emerged as a central theme in discussions of the U.S.-China relationship, commanding attention from scholars, economists, and policymakers who are exploring strategies to diversify U.S. economic ties away from China. Since its introduction in March 2023, both the Biden administration and the G-7 have incorporated ‘de-risking’ into their discourse to describe their trade and investment policies concerning China. The widespread adoption of this concept prompts important questions about Washington’s implementation of ‘de-risking’ and its potential implications for U.S.-China business relations and the broader economy. As the United States. pursues ‘de-risking,” how might this strategy affect trade and investment between the United States and China? What steps could China take to respond to U.S. ‘de-risking’ efforts, and how might this impact the global economic landscape?

Join us on Wednesday, November 8th from 12PM to 1PM ET for discussion that explores ‘de-risking’ from the U.S. perspective and its potential repercussions on the global economy. Our speakers for this ‘De-risking’ discussion are Diana Choyleva, Chief Economist at the China-focused macroeconomic, political, and geopolitical forecasting company, Enodo Economics, Dr. Elvire Fabry, Senior Research Fellow at the Jacques Delors Institute and Kyle Sullivan, the Vice President of the U.S.-China Business Council.





Diana Choyleva, “Investors face a stark choice: are they on the side of the US or of China?”, Financial Times, 2023.

Elvire Fabry, “A looming war for minerals?”, Blogpost, 2023.

Elvire Fabry, “European Companies are Facing the Decoupling of China and the United States”Jacques Delors Institute, 2022.

Kyle Sullivan, “Addressing Risk in the Era of US-China ‘Great Power’ Competition”China Business Review, 2020.



Diana Choyleva

Diana Choyleva is a leading expert on China’s economy and politics. She is Chief Economist at Enodo Economics, an independent macroeconomic and political forecasting company she set up in 2016 to untangle complexity, challenge the consensus, and give pointers to the future by making sense of today. Enodo’s focus is China and its global impact.
Diana has been covering China for over two decades and has written three books. In 2022, she co-authored ‘China’s Quest for Financial Self-reliance – How Beijing Plans to Decouple from the Dollar-Based Global Trading and Financial System’; in 2011 ‘The American Phoenix – and Why China and Europe Will Struggle After the Coming Slump’; and in 2006 ‘The Bill from the China Shop – How Asia’s Savings Glut Threatens the World Economy’.
Diana joined JPMorgan Asia Growth and Income plc as a Non-executive Director to the Board in March 2023 and the Asia Society Policy Institute’s Center for China Analysis, as a non-resident Senior Fellow on the Chinese economy in June 2023.
Before Enodo she worked at Lombard Street Research (now TS Lombard) for 16 years, most recently as their Chief Economist and Head of Research, setting the agenda for the firm’s team of economists and strategists while conducting her own global analysis.
She joined LSR after completing her master’s degree in Economics at Warwick University in 2000 and became an executive director in 2005. Diana headed the firm’s UK Service from 2005 until 2009. Between 2010 and 2013 she was based in Hong Kong overseeing LSR’s expansion in Asia.
Diana writes regular opinion pieces for the FT, WSJ, Nikkei Asian Review, Foreign Policy etc. She has extensive global experience engaging with all manner of audiences and is a regular commentator on Bloomberg, the BBC, CNBC and others.


Elvire Fabry

Elvire Fabry is a Senior Research Fellow at the Jacques Delors Institute, in charge of Geopolitics of trade and Rapporteur of the working group on EU-China relations. Her areas of expertise include EU bilateral trade negotiations, EU-US relations, EU-China relations, investment, global governance, WTO reform, Brexit and perceptions of globalization.

She previously conducted research on the EU’s external action policies regarding trade, security and defense, neighborhood and migration. She is member of the Board of CEPII, leading French center for research and expertise on the world economy, the Policy Advisory Committee of the German Marshall Fund of the United States (GMF) in Paris, and the Jean Monnet Network on Transatlantic Trade Politics. Fabry is currently on the Scientific Council of Elcano Royal Institute and Editorial board of the journal Futuribles as well. She is Co-founder and member of the advisory committee of Proeuropa. After being at the European Commission’s Forward Studies Unit (1995), she joined the prospective studies and foresight center, Futuribles International. In 2003-2004 she was research fellow at the Foundation Robert Schuman. From 2005 until spring 2009 she was director of the European programme at the Foundation pour l’Innovation Politique. She joined the Jacques Delors Institute in 2009.

Elvire Fabry holds a PhD in political science from the IEP (Sciences-Po) Paris, and Master’s degrees in philosophy and international relations from the Panthéon Sorbonne – Paris I University. She has been an auditor (“Defense policy” 64th session) at the Institute of Higher National Defence Studies (IHEDN) in 2011-2012. She is Colonel of the Citizens’ Reserve of the French Air Force.


Kyle Sullivan

Kyle Sullivan is vice president of business advisory services at the US-China Business Council based in Washington, DC, where he oversees USCBC’s research and analysis for member companies.

Prior to joining USCBC, Kyle served as a vice president in the Albright Stonebridge Group’s China practice in Washington, where he advised corporates and portfolio investors on domestic policy and market trends in China and developments in the US-China relationship. Previously, he held roles at the Martin+Crumpton Group and APCO Worldwide. Earlier in his career, Kyle worked as manager of business advisory services at USCBC’s Shanghai office, where he led policy research projects for US companies in a wide range of sectors.
Kyle earned an undergraduate degree from the University of Michigan and an MBA from the University of Washington in Seattle. He is fluent in Mandarin and lived in China for over 12 years. He is a native of Grand Rapids, Michigan.




Photo credit: Shutterstock

We are trying our best to keep our community informed about foreign affairs, and we would appreciate if you can support us to keep this virtual briefing series going. No amount is too small.

Subscribe to our newsletter to get the latest scoop right to your inbox.
Loading ...