China Plus One Reality: Has the World Reached +1 or Just +0.5?
For nearly 10 years, the world has discussed the “China+1” strategy. The goal was simple: reduce dependence on China by moving manufacturing to countries like Vietnam, Mexico, India, and Southeast Asia. However, the reality is more complex. China remains the “factory of the world” and still sits at the center of global manufacturing. Therefore, after nearly a decade of China+1, the #1 position has not truly been replaced. At the same time, the market is...
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