Is China changing its strategy towards decoupling from the world economy?
DW, 14 Jan 2021
China's trade balance after exports grew to 535 billion US dollars in 2020, lifting its surplus to a five year high. That, despite the coronavirus pandemic and a trade war with the United States. In December, exports surged 18% on the previous year. Supply problems elsewhere helped boosted demand for Chinese goods. China's robust recovery also drove domestic consumption of foreign products with imports also beating expectations.
A report just released by the European Chamber in China implies that the Asian powerhouse has long managed its interdependence with the world economy in a highly strategic and limited manner. What does this mean for foreign companies operating there?
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