China Supply Dependency

The question addressed here is how healthy is the Western Economies' dependency on China as the 'workshop of the world'? Waking up to reality- the world's dependency on China continues despite disruptions due to Covid19. China dominates manufacturing in electronic goods and in processing metals that are needed to produce batteries for Electric Vehicles (EV's) such as Cobalt and Lithium. China is regarded as a middle and upper income country according to the World Bank. China is responsible for over 30 per cent of all goods manufactured. China has 133 companies in the  world top 500.  China has a population of 1.4 billion and has trasitioned rapidly from an agrarian society to industrial economy. It is now the number one economy overtaking the United States in terms of global market share. China has talented scientists that continue to improve and innovate technologies to support  industry and the energy ecosystem.China has committed to reach Net Zero Targets by 2060. China plans to increase its use of fossil fuel consumption up to 2030 and rapidly reduce that with clean energy up to 2060. China's entry to world markets in recent times began in 1978 as it opened up its closed economy. It contued to transition with entry to the World Trade Organization (WTO) in 2001. During the past twenty years it has set about building its resource base particularly in metals from the Central Africa Copper Belt - Cobalt in particular is such an important resource eminating fro the DRC. China has been engaged in a trade war with the US during the past couple of years. This becasue it has access to US markets but continues to deny access to US companies.  It also has ambitions to dominate the South East Asian region and continues to claim territories particularly Taiwan. Send us Fan MailSupport the show THANKS FOR LISTENING PLEASE SUPPORT THE SHOW You can support the podcast by following the link here. It makes a big difference and helps us make great content for you to listen to. Follow like and share the Chain Reaction Podcast with colleagues and friends on social media: Facebook, Twitter, LinkedIn.News about forthcoming programmes click hereSHAREPlease share the link with others so they can listen too https://chainreaction.buzzsprout.com/shareLET US KNOWIf you have any comments, suggestions or questions then just direct message on Linkedin or X (Twitter)REVIEW AND RATE If you like the show please rate and review it. Every vote helps.About Tony Hines and the Chain Reaction Podcast – All About Supply Chain AdvantageI have been researching and writing about supply chains for over 25 years. I wrote my first book on supply chain strategies in the early 2000s. The latest edition is published in 2024 available from Routledge, Amazon and all good book stores. Each week we have special episodes on particular topics relating to supply chains. We have a weekly news round up every Saturday at 12 noon. ...