#Newspaper

China-led Globalization Is Coming To An End

People in politics predict that if a second wave of coronavirus infections occur in the winter, China will be in very big trouble with its Western trade partners.

With abundant labour force and a generally industry-friendly environment, China has established itself as the hub of manufacturing. Its days as the spearhead of global manufacturing, however, will be coming to an end as numerous countries consider reducing their reliance on China.

Countries that rely on trades with China are at risk of recession as China-led globalization is slowly replaced by localization in some countries. The U.S. is, for instance, using the pandemic as a way to force pharmaceutical companies to manufacture drugs locally.

It is still early to tell how things are going to play out, but the global picture is bound to change.

Full article: Forbes
https://bit.ly/3bUDEsM

Further reading:

#globalization #coronavirus #economy #China

“#Globalization in a world is flat—that assumes everybody plays by the rules, but [#China doesn’t],” said Keith Krach.

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"They have to divide the people in a way that when you are opposed to the regime, when you're opposed to the government, you're going to be a person who's spreading misinformation. You're going to be someone who needs to be censored. You're going to be someone who needs to be punished" Kenneth Rapoza

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#KennethRapoza #Interview #China #WorldTradeOrganization #FreeTrade #Globalization #SocialControl #HeartsofOakPODCAST

"Why do you think free traders are wrong? And why do you think we need a new model for the future?"

Kenneth Rapoza
How Free Trade and Soft Power are Making China the #1 World Power

Watch in full here on TELEGRAM or listen to the Podcast here ⬇️
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#KennethRapoza #Interview #China #WorldTradeOrganization #FreeTrade #Globalization #SocialControl #HeartsofOakPODCAST

"Why do you think free traders are wrong? And why do you think we need a new model for the future?"

Kenneth Rapoza
How Free Trade and Soft Power are Making China the #1 World Power

Watch in full here on TELEGRAM or listen to the Podcast here ⬇️
https://heartsofoak.podbean.com/e/kenneth-rapoza-how-free-trade-and-soft-power-are-making-china-the-1-world-power/

#KennethRapoza #Interview #China #WorldTradeOrganization #FreeTrade #Globalization #SocialControl #HeartsofOakPODCAST