China is serious about decoupling, otherwise it will not
be retaliating since the start of Trump's trade war. Another
Presidential term for Trump could see the complete decoupling agenda
being implemented.
China had been preparing for decoupling long
before Biden escalated the trade and sanctions war after taking over
from Trump. It is just Biden doing a follow up of what is in the USA
playbook. The monopolization of essential raw materials, the
prioritization of semiconductor research and innovation, the move
towards a bigger domestic consumer market demand for Chinese goods, the
setting up of manufacturing bases in Global South countries like
Vietnam, Bangladesh and other ASEAN states are all China's preparation
for decoupling.
The economic war is not just inside the USA and
EU market alone. The bigger market is in the Global South - in Africa,
South America, Asia and ASEAN. This is a war that China will win hands
down. This is a market that wants cheaper products made by China, not
expensive toys made in the West. This will be the defining tone for who
wins or lose the economic war.
Anonymouus
1 comment:
Cheap days are going to be over for USA and EU consumers. Congratulations for having what you wished for.
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