De-risking will lead to a 'more expensive world,' warns Temasek's CEO: 'It's an insurance policy, you pay a premium'

(Credit: Ore Huiying—Bloomberg via Getty Images)

Decoupling from China is out; “de-risking” from China is in. 

The G7, the collection of rich economies including the U.S., debuted a new approach towards China at the group's annual summit in May, hoping to imply that the West was merely interested in reducing its dependence on the world’s second-largest economy, rather than trying to constrain Beijing more broadly.