China's Reopening Economy
Patrick Boyle On Finance
00:00
China Manufacturing Is a Good Idea
Many automobile manufacturers are saying that they aim to make parts and cars inside China exclusively for use within the country. A trend towards near-shoring or friend-shoring could be good for countries like Mexico and India, who might see manufacturing grow within their economies. The economist Michael Pettis argues that there's a good economic reason for Washington to encourage switching production from countries with large persistent trade surpluses such as China.
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