Not the start of the decline of globalisation – just of China's dominance
Determined to have his FDR moment, Joe Biden’s latest policy seems likely to have put ...
Fascinating blog from The Economist on the way many multinationals are turning their back on China – not so much as a production source, although that trend is well documented, but as a market to sell goods into. Chinese companies are proving to be increasingly tough competitors, while a new consumer protection law to be introduced in March could make life even more difficult for foreign firms. In addition, with e-commerce rapidly on the increase, the brand value of many western clothes and designer goods does not command the price premium it once did. Interesting times lie ahead.
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