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 ...
© Khunaspix Dreamstime.
Little known outside manufacturing, procurement and logistics circles, the eastern city of Wenzhou was one of the poster boys of the Chinese export boom. But as labour and land costs increase and loans for businesses become harder to secure, its commercial life has vanished with astonishing speed. An alarming story about where some of the beneficiaries of China’s economic miracle are now heading.
Comment on this article