Sunday, July 5, 2020

World Economy's Dangerous Dependence on China

China Dominates Medical Supplies, in This Outbreak and the Next
https://www.nytimes.com/2020/07/05/business/china-medical-supplies.html

American businesses have the power to change China’s behavior. Time to step up.
https://www.washingtonpost.com/opinions/2020/07/03/american-businesses-have-power-change-chinas-behavior-time-step-up/ 

China-New Zealand Ties Driven by Trade Considerations

Companies across the globe prodded to rely less on China — but few respond
“The United States, Japan and France are prodding their companies to rely less on China to make the world’s smartphones, drugs and other products. But even after the coronavirus derailed trade, few want to leave China’s skilled workforce and efficient suppliers of raw materials to move to other countries.
Disruptions from the pandemic, on top of the U.S.-Chinese tariff war, fueled warnings that relying too much on China leaves global companies vulnerable to costly breakdowns in the event of disasters or political conflict”.