Globalisation stalled after the Great Financial Crisis, and focus has shifted to the structure of trade and investment, as the notion of ‘de-risking’ comes into play. China’s dominance of global goods exports is unlikely to be affected by de-risking by the US or its allies, but de-risking is expected to target China’s high-tech sectors, identified in its Made in China 2025 strategy. China has been targeting self-sufficiency in strategic, dual-use and military technologies for longer and with greater success than…
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