The pandemic's impact led to a mass exodus of American and European business executives from China, resulting in a significant transfer of control to local managers. During this period, China leveraged substantial government investments to enhance its manufacturing sector, now dominating one-third of global production. Notably, advancements are being driven by the integration of artificial intelligence, positioning Chinese manufacturing as faster, cheaper, and significantly more efficient. This shift threatens to alter global trade dynamics, potentially leading to job losses in other countries, particularly the U.S.
American and European business executives left China in droves at the start of the pandemic. Very, very few of them ever went back afterward.
China already controls one-third of all global manufacturing (up from 6 percent in 2000), and it is all about to be dramatically supercharged by artificial intelligence.
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