China's Manufacturing Growth and Global Implications

• China's focus on doubling down on manufacturing growth poses a challenge to the global economy.
• China's increasing share of global manufacturing requires other countries to decrease theirs.
• This creates tension, especially with the U.S., which also aims to increase its manufacturing share.
• Other regions, like Europe and developing countries, are resistant to reducing their manufacturing and are implementing protective trade policies.
• China's current growth strategy worked when its economy was smaller, but now its size disrupts the balance requiring reluctant global accommodation.