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Why so much manufacturing still gets done in China
With the current geopolitical challenges between China and the United States, as well as the ongoing supply chain issues affecting manufacturers and consumers, there’s been much talk about moving global manufacturing out of China. But despite the talk, US-China trade reached a record level in 2022, with no signs of any slowing in the near future. While former US secretary of state Henry Kissinger is credited with opening China to the West under then-President Richard Nixon, it wasn’t until 2000 that the US granted China permanent normal trade relations — a legal designation that allows foreign nations be ... (full story)