Economic security makes sure that a nation has the capabilities to counteract the coercion from other countries via economic means, Suzuki said. Economic security avoids such economic coercion by reducing the dependence on other countries and building supply chains within a country or among like-minded countries, Suzuki said. China is also diversifying its supply chain and export destinations to reduce its dependence on the US market, Suzuki said. The US relies so heavily on China in industries such as rare earth minerals and shipbuilding that it is conceding by allowing Nvidia Corp’s H200 chip to be exported to China, Suzuki said. That is one of the consequences of the fight, he said, adding that the US is more vulnerable to China while China is more autonomous.
