Reducing economic reliance on China would cost US, European economies $23.6 trillion — FT
AI Summary
Analysts estimate that reducing economic dependence on China would cost the US and European economies $23.6 trillion due to the need for new production, logistics, research, and software replacement. This significant cost reflects challenges in reshaping global supply chains.
Experts analyzed the costs of building new production and logistics chains, processing capacity, research centers, and replacing software provided by Chinese companies
World Politics Markets Commodities economic reliance China US economy Europe economy supply chains cost analysis production capacity