China vs US – globalisation vs protectionism

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It seems China is either not alone in its concerns over a move towards global protectionism – or it’s wielding an incredible level of influence over the World Trade Organisation (WTO).

Its director general, Ngozi Okonjo-Iweala, at the China International Supply Chain Expo in Beijing this week, echoed China’s calls urging countries not to abandon globalisation.

Noting nations’ national security necessitated some re-shoring or near-shoring, Ms Okonjo-Iweala said: “If countries let it go down the road of large-scale reshoring, it would just be ...