Can China’s Economy Survive the Nearshoring Trend?

Companies are moving their manufacturing out of China to countries much closer to their markets

A worker uses a hand tool to make containers at a factory in Lianyungang, Jiangsu province, China, on Aug. 27, 2021. STR/AFP

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 of 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 isn’t 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, the pathogen that causes COVID-19.