Global trade dependence on Asia, including China, remains stable, and the country will not lose its status as the world’s most important manufacturing hub, despite certain US moves that have been disrupting global industrial and supply chains, according to senior industry experts.
Despite the US-led decoupling push and blockade, China will remain a global manufacturing hub thanks to the country’s vast economy and strong industrial chain, in particular for high-end manufacturers, entrepreneurs and scholars attending the Boao Forum for Asia 2023 said.
Real estate recovery is a key factor to China s economic rebound this year and should be closely monitored while growth driven by foreign trade, particularly exports, is likely to dim, economists said.
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