China is trying to kneecap Indian manufacturing

noahpinion.blog · 2,753 words · saved by 1 readers

An attempt to head off its only future rival.

Under our Dear Leader President Trump, the United States is hard at work destroying its place in the world economy. But in the rest of the world, globalization is still proceeding apace. In the 2000s and early 2010s, when you said “globalization”, it often just meant “moving manufacturing to China”, but that’s pretty much over; inbound foreign direct investment to China has fallen off a cliff, and companies are now trying to pull their money out. Blame a combination of rising labor costs, the closing off of the Chinese domestic market, and “de-risking” over fears of war. But this doesn’t…

China is trying to kneecap Indian manufacturing

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