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Can China’s Economy Survive the Nearshoring Trend?

Commentary The negative news about the Chinese economy seems to flow from a bottomless well these days. As if the ongoing Evergrande default and the looming shadow debt crisis weren’t enough for the Chinese Communist Party (CCP) to worry about, the world now finds itself in the worst supply chain crisis in modern history. The Bloom Is Off the China Rose The fact that the Chinese regime is the source of the crisis is not lost on the world, either. Nor is Beijing’s despicable role in the pandemic and its callous attitude toward countries heavily afflicted by the CCP virus, commonly known as the novel coronavirus. These and other challenges are the reasons why foreign manufacturers are finding China much less desirable than they used to. As a result, “nearshoring” has become a major trend in the world and China’s economy will take a hit from this trend. In short, …

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