Looks as if the Year of the Metal Rat will not be kind to China

The U.S. is not the only country that has realized the folly of having so much of its vital production concentrated in China.  Add Japan to the list.  In early March, Japanese prime minister Shinzo Abe proposed at a conference of Japan's leading businessmen that Japan must become less dependent on China so as to better avoid supply chain disruption.  Abe went on to say, "Of the products that rely heavily on a single country for manufacturing, we should try to relocate high added value items to Japan.  As for everything else, we should diversify to countries like those in ASEAN." According to the Nikkei Asian Review, Abe's words were quickly followed by action.  In its emergency economic package adopted on April 7, the Japanese government called for the re-establishment of supply chairs that have been hit by the [Chinese] virus's proliferation.  It earmarked more than...(Read Full Post)
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