Some Western countries aiming to decouple from China's supply chains may face staggering costs: an extra $23.6 trillion by 2050, according to estimates.
World Bank data shows that China's manufacturing value added accounts for nearly 30% of the global total, ranking first for 16 consecutive years.
In new energy, 80% of key materials are tied to Chinese, production, making it difficult to bypass.
As European and U.S. automakers build plants in Morocco and Mexico, Chinese suppliers follow right behind.
Observers note supply chains are like rivers — barriers can be built, but its underlying course cannot easily be changed. Instead of focusing on decouple, countries should consider how to achieve mutual benefit.
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