As global supply chains are reshaped, countries such as Vietnam and Mexico are becoming attractive manufacturing hubs. Chinese-backed factories in the US might face resistance, but the job growth and knowledge transfer they bring will benefit the American economy.
Despite pressing Cop28 emission ambitions and China’s leading position in the clean energy sector, the US and Europe are shutting out Chinese products and firms. But no other country can produce the clean energy products needed as quickly or on the scale that China is doing.
A growing number of Chinese firms and Chinese-run businesses have found the secret sauce to success in the US: keeping low, localising operations – and cutting as many ties as possible to a home office in China.