Source: China – South China Morning PostOver the past 10 years, Washington, Brussels and London have made decreasing economic reliance on China a strategic goal. Western economic plans now stress supply-chain resilience, industrial sovereignty, technological leadership and national security.
The Covid-19 pandemic highlighted weaknesses in global supply networks. Increasing geostrategic tensions, export restrictions and technological rivalry have supported political backing for reshoring and “friendshoring” manufacturing.
The objective…Read More