2min chapter

Trumponomics cover image

Why the World Can’t Quit Its Addiction to Chinese Goods

Trumponomics

CHAPTER

Should I Allocate an Extra Dollar to China?

China has been very successful as an export engine, but with COVID and the shutdowns, people recognize that it's very dangerous to have your supply chain concentrated in China. The question I think most of my colleagues here at Milton are asking is, should I allocate an extra dollar to China now? Or should I be going to Vietnam and other places? Well, China's gone on a charm offensive to say to everyone, we're open for business. We welcome foreign capital. But if you look back at the speeches of Xi Jinping, his warning was, we want to have domestic champions. And unless you do that, you're really not welcome.

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