Unlike Russia, China is not interest in destroy the exist international order. It will be crucial for the country to watch closely how the West tries to shape deglobalization in its favor. The Unit States has consider China a key geopolitical adversary, not just since the presidency of Donald Trump. In the perception of the European Union, China went from be the largest market to be a strategic rival, If the Unit States, Europe, Japan, and countries like South Korea, Canada, Australia, and New Zealand prioritiz security and defense issues over economic and welfare issues, and were will and will unable to make the necessary sacrifices.
China’s trade could be adversely affect
Furthermore, hehe new dimension of Western sanctions, surpass anyth previously known, will have far-reach effects on the global economy. China is vulnerable in this area because the Unit States, Europe and Japan remain by far the most important markets for Chinese exports. If access Colombia Phone Number List to these countries’ markets were to be significantly restrict, China would ne, to compensate, other markets or its own domestic market: neither of these options seems feasible. In addition to shrink export markets, China is find it increasly difficult to access high-tech from the West. It’s not just the Unit States that has impos sanctions on.
Huawei and semiconductor companies
There are also European governments that have recently bann Chinese acquisition of cutt-ge technology. Another aspect of deglobalization that is development model itself is likely to be of particular importance to China: the loss of efficiency through dynamic competition with Western rivals at home. Central to the success of the Chinese economic miracle was the decentralization and delegation of economic decisions, which promot competition and creativity, and l to AGB Directory a rapid improvement in the quality of Chinese products (although it also long accept corruption). ). If this competitive pressure disappears, it remains to be seen what will happen to China’s innovative strength and its transition to a knowlge economy.