The last few weeks have brought news of turmoil in China, including currency devaluations, an economic slowdown, and a stock market plunge. Most economists, including those at the the IMF, think it is premature to talk about an economic crisis. While I agree, I nonetheless believe that the slowdown is due, in part, to an acceleration of “near-shoring,” the practice of producing closer to the customer.
You Can’t Understand China’s Slowdown Without Understanding Supply Chains
“Made in China” is becoming less common.
September 04, 2015