U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia’s Vladimir Putin to “be careful” because Beijing relies on Western investment.
U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia’s Vladimir Putin to “be careful” because Beijing relies on Western investment.
Hasn’t that actually changing, with Western corporations turning to Vietnam and its neighbors due to wages rising in China?
That is true, but it is a very slow process that will take many years
Escorts our of south was Asia were over 70% from China a few years ago and we’re only 50% from China last year. These numbers are from my memory so probably not exact but close enough.
Decoupling/derisking is happening quickly with all major players moving to a china +1 policy for manufacturing.
You like South Asian escorts too?
And who owns factories in Vietnam? China, lol. China is investing heavily in poor countries all over the world.
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