Pandemic Bolsters China’s Position as the World’s Manufacturer

For all the talk in western capitals of reducing its reliance on Chinese factories, China has cemented its position as the world’s dominant supplier of manufactured goods over the past two years.

While some of China’s gains in global markets may fade as the impact of the pandemic wears off, the trend nonetheless shows how difficult it is to unplug the world’s largest factory floor. Such “decoupling,” as it’s called in political circles, is particularly challenging as Chinese factories expand their reach into higher-value products like chips and smartphones and new technologies like electric cars and green energy.

https://www.wsj.com/articles/pandemic-bolsters-chinas-position-as-the-worlds-manufacturer-11661090580 Pandemic Bolsters China’s Position as the World’s Manufacturer

Alley Einstein

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