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- CBI (Confederation of British Industry) chief says UK firms are cutting ties with China
- Due to security issues and tensions with the West
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UK firms are cutting ties with China amid wider tensions, CBI chief says
British businesses are scrambling to sever economic ties with China in the wake of increased political and security tensions between Beijing and the west, an industry leader has said.
Speaking to FT Weekend, he said thousands of companies in the UK were engaged in rethinking supply chains in anticipation of anti-China political sentiment hardening.
“Every company that I speak to at the moment is engaged in rethinking their supply chains … because they anticipate that our politicians will inevitably accelerate towards a decoupled world from China.”
https://www.theguardian.com/busines...y-danker-supply-chains?CMP=Share_iOSApp_Other
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Well I guess building up China with offshoring, tech transfer, WTO membership, most favored nation status by the US and moving Western industry to China was not such a good idea. Oh well atleast there seems to be a real paradigm shift happening in the West now.
- Due to security issues and tensions with the West
--
UK firms are cutting ties with China amid wider tensions, CBI chief says
British businesses are scrambling to sever economic ties with China in the wake of increased political and security tensions between Beijing and the west, an industry leader has said.
Speaking to FT Weekend, he said thousands of companies in the UK were engaged in rethinking supply chains in anticipation of anti-China political sentiment hardening.
“Every company that I speak to at the moment is engaged in rethinking their supply chains … because they anticipate that our politicians will inevitably accelerate towards a decoupled world from China.”
https://www.theguardian.com/busines...y-danker-supply-chains?CMP=Share_iOSApp_Other
--
Well I guess building up China with offshoring, tech transfer, WTO membership, most favored nation status by the US and moving Western industry to China was not such a good idea. Oh well atleast there seems to be a real paradigm shift happening in the West now.