Saturday May 30, 2020

The West may have to wean itself off its reliance on China

In the new political reality, the Asian superpower may no longer be content to serve as the world’s primary supplier of cheap labour

29th March, 2020
2
The west’s enormous reliance on China is likely to have to change. Picture: Getty

The world has stopped. Governments have ordered citizens to stay indoors. Many borders are closed. The streets of our great cities are empty. Passenger airliners no longer fly. Financial markets have all but given up the ghost. Capitalism as we know it has been suspended for the duration. And we are only at the end of the beginning of this nightmare.

As we reel from the shock of the rampaging coronavirus, our globalised world has...

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