It is widely agreed that that China’s relentless and pronounced integration into the world economy over the last 3-4 decades propelled its rise to become a major economic power and the world’s top dog in exports and supply chains.
In this new era of strategic competition between China and the West, disengagement is the order of the day. While this trend will impede economic growth, increase business costs, and raise prices for everyone, the economy that loses the most may well be China’s.
