A recent piece by Xu Qiyuan, CF40 Director of Research, on global #supplychain restructuring:
global.chinadaily.com.cn/a/202006/22/WS…
The diversified development of the global industrial chain over the long run will threaten to weaken China's position in it.
1/6
The global industrial chain is facing huge uncertainties amid #China-#US trade frictions and the unexpected #COVID19. In this context, its layout will give more consideration to the safety-efficiency balance, and will present new features of diversification and block.
2/6
The US continues to tighten restrictions on China in the high-end #technology sector while exerting pressure on other countries through its international networks.
3/6
Besides, China’s industrial chain is facing mounting external competition: with its domestic labor costs rising fast, labor-intensive industries continue to move outward;
4/6
regional trade agreements increased, with Southeast Asian countries at the intersection of important regional free trade zone agreements such as the CPTPP and the RCEP.
5/6
These two aspects, coupled with the impact of uncertainties including the pandemic, have caused mounting concerns that the diversified development of the global industrial chain over the long run will weaken China's position in it.
6/6
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.