Can the US afford to decouple from China?
chinadaily.com.cn |
Updated: 2020-09-05 09:00
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Decoupling? Not for at least a decade. China constitutes more than 25 percent of global industrial production. No other country has the capacity to replace China's role in the supply chain. With its billion-plus population, huge domestic market and impressive infrastructure, China would go unscathed. Decoupling will hurt the US economy more. If decoupling takes place, the pain will be too much to bear.
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