In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition
The difference is that they’re not doing it at the expense of hollowing out their domestic industry. They’re supplementing their own industry by building additional industry around the world.
So they’re now outsourcing production to the West? We’ve really come full circle.
The difference is that they’re not doing it at the expense of hollowing out their domestic industry. They’re supplementing their own industry by building additional industry around the world.