U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia's Vladimir Putin to "be careful" because Beijing relies on Western investment.

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[–] 21 points 3 years ago (3 children)

Hasn't that actually changing, with Western corporations turning to Vietnam and its neighbors due to wages rising in China?

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  • [–] 9 points 3 years ago (1 child)

    That is true, but it is a very slow process that will take many years

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  • [–] 4 points 3 years ago (1 child)

    Escorts our of south was Asia were over 70% from China a few years ago and we're only 50% from China last year. These numbers are from my memory so probably not exact but close enough.

    Decoupling/derisking is happening quickly with all major players moving to a china +1 policy for manufacturing.

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