Decoupling

CHALLANGE

Ru

АНИМЭЙТ v.3.7

5

In 2018-2019, anti-Chinese sentiments actively grew in Europe and the US. The pandemic accelerated this process, and today the West is turning its back on China, and some countries blame China for the consequences of the pandemic. Moreover, the population of these countries, due to the geographical origin of the COVID-19 pandemic, approach everything related to China with caution.

The pandemic also exposed the strategic dependence of the countries of the world on China. Having discovered that more than 90% of antibiotics and personal protective equipment comes from the PRC, the United States quickly rang the alarm. Industrial dependence caused concern among China’s neighbors - Japan and South Korea, and in a number of European powers.

Many multinational corporations are already considering options for "moving" from China to their homeland or to other countries. These actions are aimed at maintaining strategic autonomy in case of a similar shutdown and are based on the need to reduce the dependence of world industry on China. Thus, in the context of geopolitical rivalry between the US and China, the reversal of the West and the rest of the world from China in 2021 is more than possible.

98

%

Probability Estimate

Questions for experts

Will there be an increase in anti-Chinese sentiment in the world in 2021? What role will the rivalry between the US and China play in this process?

The pandemic denounced the strategic dependence of the countries of the world on China. What measures will industrial countries take to limit this dependence?

Is a large-scale reversal of the West from China possible? How can Western economies offset the benefits that production in China offers?

What are the consequences of the West and China decoupling for the countries of Eurasia and Central Asia, in particular? How will the Belt and Road Initiative develop in this context?

Please describe the basic scenarios for the development of relations between the West and China in 2021 (baseline, positive and negative).

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