The risks for Asia of China's retreat from globalisation
The country’s increasing self-reliance is a potential threat to the stability of world trade, particularly for regional neighbours, say analysts.
Some Asian markets will benefit from the reconfiguration of global trade, particularly the implementation of new supply chains, in the post-pandemic world. But China’s retreat from globalisation may harm the region’s exports, according to various market experts.
“It is possible to finally start imagining a post-pandemic world, and with it a global trade order that will be sculpted by vaccine rollouts and economies rebounding,” David Chao, global market strategist for Asia Pacific …
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