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US-China relations: American efforts to reshore supply chains blasted as ‘empty talk’ by former minister

Summary:
[unable to retrieve full-text content]Washington’s effort to bring manufacturing from China to the US – so called reshoring – is nothing but “empty talk” and the US will become increasingly dependent on the world’s second largest economy for the foreseeable future, according to a top former Chinese economic official.The declining presence of the US manufacturing sector in the American economy would be hard to reverse, despite efforts from both the Biden and Trump administrations to rebuild US supply chains, said Wei Jianguo, a…

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[unable to retrieve full-text content]
Washington’s effort to bring manufacturing from China to the US – so called reshoring – is nothing but “empty talk” and the US will become increasingly dependent on the world’s second largest economy for the foreseeable future, according to a top former Chinese economic official.The declining presence of the US manufacturing sector in the American economy would be hard to reverse, despite efforts from both the Biden and Trump administrations to rebuild US supply chains, said Wei Jianguo, a…

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