EconomyWanting to ‘decouple from China’? It is simply impossible
The article says EY-Parthenon estimates that the United States, the Eurozone and the United Kingdom would need an additional $23.6 trillion over 25 years to largely eliminate dependence on Chinese supply chains in key industries by 2050. It argues that relocation is costly and that Chinese companies are deeply embedded in high-end manufacturing, citing Chinese auto-parts suppliers following European automakers into Morocco.
Wanting to ‘decouple from China’? It is simply impossible