Decoupling proves to be wishful thinking

"Decoupling", under the guise of "de-risking", is something easier said than done. It is actually not as easy as some Western politicians think for manufacturing enterprises to relocate out of China.

For instance, over the first seven months of last year, toys produced in China still accounted for 79 percent of toy sales in the United States and Europe. Manufacturers have found that it is not easy to move production to other countries because other countries lack modern port facilities with such a large scale as those in China, and developed transport facilities like those in China. And in terms of work efficiency, other countries cannot compare with China either.

In the era of globalization, the relocation of some industries is a normal phenomenon. Every country's development strategy is adjusted at different times. Research shows that since the second half of the 19th century, significant cross-border industry chain relocation has occurred at least five times around the world.