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China's Manufacturing Model Faces Global Pushback, Says Economist

News Snapshot:

New Delhi, Oct 25: China’s long-standing economic model, which transformed the nation into the world's factory, is increasingly facing global resistance. This model, while boosting China's growth, has often been criticized for hurting industries and employment in other countries, according to an article on the Time news website.The United States has already responded with significant tariffs and export controls on Chinese goods. Meanwhile, multinational companies are adopting 'China plus one' strategies, prioritizing supply chain resilience over sole reliance on China.Chinese economist Keyu Jin highlights this growing pushback, stating, "China’s manufacturing dominance is generating resistance. And not only in America. Europe…

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