Donald Trump was more than assertive when presenting the rates that he decided to impose on the rest of the world from the White House Garden on Wednesday, April 2: “The works and factories will return to our country.” However, bringing them back will not be an easy task. On the other side of the Pacific, China has continued to reinforce its industrial advantage. And is far from limiting only to its advantageous work costs.
Throughout the decades, Beijing has uploaded the value chain, now stumbling only in a few areas, such as the production of a medium distance plane (it still has to use most foreign components for their own) and the lowest semiconductors). As a result, the country’s participation in global production has only continued. Although it was 9% in 2004, China exceeded the European Union as the leading manufacturing power in 2011 and represented 29% of the global total in 2023, according to an analysis of the Center for Strategic and International Studies. That is more than the United States, Japan, Germany and India combined.
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