The other economic security threat from China
The Chinese market may not be as big as expected, and China's growth may not outgrow the US's. Western companies' dependence on the Chinese market can take different forms. To reduce geopolitical dependency, there should be a clearer separation between the legal entities of big western companies' Ch

- Western companies are worried about US policies to limit US chip sales to China, which threatens the tech industry.
- German exports to China have dropped 11.3% from the previous year, suggesting that the Chinese market may not be as big as expected.
- The long-term headwinds to China's growth are making themselves felt, and its growth may not outgrow the US's in the future.
- Western companies' dependence on the Chinese market can take different forms: exporting to China, producing in China for sale to that market, and technology.
- To reduce geopolitical dependency, there should be a clearer separation between the legal entities of big western companies' China-based and home operations with strict transparency and publicity requirements.
The other economic security threat from China
The west could find itself held back by a Chinese economy that’s too weak, not too strong
