Growth, inflation and labour market all easing
Will Chinese manufacturers lose in the post-COVID world?
Recent years have witnessed significant disruptions to global supply chains – initially due to tariffs implemented during the US-China trade war and more recently due to the COVID-19 outbreak. These disruptions highlighted vulnerabilities that had developed in these networks over recent decades, as China has become a dominant force in global manufacturing. However, competitive pressures and the response of multinational corporates to recent supply chain disruptions and government policies could see Chinese manufacturers lose share in a post-COVID world.
For further details, please see the China Economic Update – September 2020.
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