China’s plan to get around Western tariffs: Fill the world with factories
China’s plan to get around Western tariffs: Fill the world with factories
In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition
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So they're now outsourcing production to the West? We've really come full circle.
Why do you assume the West? China often expands to other Asian countries. Or pretend to. E.g. after tariffs are applied to China you'll often see a huge increase in intra Asia trade. Followed by different Asian countries heavily increasing their exports. Usually by hiding the true origin (tariffs are applied to the origin, not some transhipment place).
Also a lot of infrastructure in Africa is being funded in China, their position there is only going to grow stronger.
This is what happens with production revolutions. We did the same thing, as did England.