**The Imperative of "Derisking" in Mitigating China's Grip on PH Infrastructure**
As the Philippines navigates its complex relationship with China, adopting a derisking strategy has become increasingly vital to preventing Beijing from gaining full control over the country's critical infrastructure. According to political analyst Richard Heydarian, derisking is essential in limiting China's influence over key industries and ensuring that the Philippines remains a sovereign nation.
**What Is Derisking?**
Heydarian defines derisking as "high fence, small yards" – targeted measures that prevent China from dominating every aspect of Philippine life. This approach acknowledges that complete decoupling from China is not feasible, given their significant economic and trade ties. Instead, it focuses on implementing safeguards to mitigate risks and promote a more balanced relationship.
**The Need for Derisking**
Heydarian emphasizes that the Philippines cannot rely solely on good intentions or trust in China's benevolence. As Beijing increases its influence over critical infrastructure, such as power grids and telecommunications networks, the country is at risk of becoming overly reliant on Chinese investments and technologies. This could compromise national security and sovereignty.
**Recent Developments**
The recent agreement between the Maharlika Investment Corp. (MIC) and Synergy Grid and Development Philippines, Inc. (SGP) to acquire a 20% stake in the National Grid Corp. of the Philippines (NGCP) is a step towards derisking. While it may not fully address concerns about China's influence over critical infrastructure, it demonstrates a willingness to take concrete action.
**The Importance of Geopolitics**
Heydarian warns that the Philippines is no longer immune to great power competition. As the country finds itself at the center of major geopolitical rivalries, it must prioritize its national interests and take steps to limit China's dominance.
**A New Berlin in the 21st Century?**
Heydarian likens the Philippines' situation to that of Berlin during the 1960s, where the city was caught in the midst of Cold War tensions. Similarly, the Philippines is now a key battleground for great power rivalries, with China seeking to expand its influence and control over the region.
**Outdated Laws**
Heydarian also highlights the need to update Philippine laws to address the proliferation of Chinese spies and agents operating in the country. Outdated treason laws and low fines only encourage espionage activities, making it essential to strengthen legal frameworks and enhance national security measures.
**Conclusion**
In conclusion, adopting a derisking strategy is crucial for the Philippines in limiting China's grip on critical infrastructure and promoting a more balanced relationship. By recognizing the need for issue-specific safeguards and prioritizing national interests, the country can reduce its reliance on Chinese investments and technologies while maintaining economic growth and development. As the global landscape continues to evolve, it is essential for the Philippines to remain vigilant and proactive in addressing the risks associated with China's growing influence.
**Keywords:** Derisking, China, Philippine infrastructure, geopolitics, national security, sovereignty

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