Decoupling from China may be ‘impossible’ – survey ...News

The Asian nation remains a “critical supplier” globally, according to an Allianz Trade report Total economic decoupling from China would be “difficult, if not impossible,” a new report by international insurance company Allianz Trade has suggested, saying that the Asian power remains a “critical supplier” for much of the world. The survey by Allianz Trade polled over 3,000 companies in China, France, Germany, Italy, Poland, Spain, the UK, and US on their outlook for global trade in 2024.  The intensity of import dependency on China varies, with the US, UK, and France being among the most exposed. Nearly 50% of US

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