China's self-sufficiency strategy as a hedge against external economic coercion
China is prioritizing domestic self-sufficiency to mitigate the impact of international trade restrictions and geopolitical pressure. This shift reflects a broader trend toward neomercantilist policies, though the long-term efficacy of decoupling remains uncertain given global supply chain interdependencies.
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China — 5 developments
China Expands Trade Network and Self-Sufficiency Amid Geopolitical Shifts
China is actively expanding its global trade network, increasing zero-tariff access for 63 nations, and diversifying import sources to over 160 partners, including Germany. Concurrently, Beijing is prioritizing domestic self-sufficiency to mitigate external economic coercion, reflecting a neomercantilist policy shift. The long-term efficacy of this dual strategy, particularly regarding decoupling from global supply chains, remains uncertain.