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.

  • NoneOfUrBusiness@kbin.social
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    1 year ago

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

      • Doug@vlemmy.net
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        1 year ago

        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.

    • Aux@lemmy.world
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      1 year ago

      And who owns factories in Vietnam? China, lol. China is investing heavily in poor countries all over the world.