In fact, it's well past the point when CEOs should have started recalibrating their approach to China.
But when it comes to de-risking, there is now the risk it's one more race where we risk falling behind to China.
There's a limited window available for foreign businesses in China's market to de-risk in a way that protects their shareholders' interests.
On multiple occasions, we've witnessed foreign companies get this calculus and timing wrong.
These examples underscore the risk of underestimating the complexities of the Chinese market and losing ground to local competitors over time.
Persons:
Joe Biden, Xi Jinping, SAUL LOEB, Trump's, Xi Jinping's, There's, we've, Didi Chuxing
Organizations:
AFP, Getty, U.S, U.S ., Baidu, Huawei's
Locations:
Nusa Dua, Bali, China, U.S, China's