The G-7 issued its strongest ever message to China over the weekend, but an analyst warned that isolating Beijing is “impossible” and “dangerous.”
The world’s largest seven economies agreed at a summit in Hiroshima, Japan, to de-risk and diversify their supply chains away from China, amid concerns of economic coercion. There has been a growing awareness among Western nations that their economies rely heavily on China. The coronavirus pandemic shed light on the intricacies of critical supply chains, but the ongoing war in Ukraine has further exacerbated this reality.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great ariticle, would you like to share it?