Is the West de-risking from China or containing its economy?

For decades, companies relied on China for low-cost manufacturing at scale and speed. Western governments now encourage businesses to pull production and reduce commitments to lessen dependence on China. In response, Beijing introduces sweeping rules that tighten control over supply chains. Critics say the measures could make it harder for foreign firms to diversify production away from China. China says the rules protect national and economic security and rejects accusations of protectionism. The US and Europe also pursue policies to strengthen their own industries while accusing China of unfair trade practices.

"As the US and Europe push to reduce reliance on China, Beijing tightens control over supply chains. For decades, companies flocked to China for cheap manufacturing at scale and speed. Now, Western governments are pushing businesses to pull production and reduce their commitments. Beijing is hitting back with sweeping new rules that critics say could make it harder for foreign firms to diversify their supply chains."

"China says the measures are about protecting national and economic security as it accuses the West of protectionism. The United States and Europe have been trying to decrease their dependence on China, which they accuse of unfair trade practices. They've rolled out measures to boost their own industries."

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