A ‘Great Reset’ Is Shifting How The World Trades
Big Take
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The History of China and the Diversification of Supply Chains
Malcolm Rifkind: How did we get to this point, where so many companies and countries found their supply chain so dependent on China? He says it all started in the late 70s with reforms led by Deng Xiaoping. At that stage, China's share of global trade was less than 1%. In 2015, China sort of stuck its head above the parapet a little bit with the China 2025 Industrial Plan," he says.
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