China has reached the end of its economic boom. What comes next should worry every American business — and the rest of the world.
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China will remain a player in making scrappy junk sold for far too much.
For the short term, yes. Longer term, companies are already trying to shift supply chains away from China. India, for example, has been seeing interest and investment as either a second source or a replacement source of cheap labor. The US and EU have already taken steps to start de-risking or de-coupling from China. The US CHIPS Act being one of the more visible examples. Though that whole process will take time and China will be a major player in manufacturing for years to come, while that process is ongoing.
for example cnn.com
