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Coronavirus Will Reverse Globalization and Create Regional Supply Chains, Economists Predict

from CNBC

Coronavirus Will Reverse Globalization and Create Regional Supply Chains, Economists Predict CNBC The coronavirus crisis will fundamentally reshape global trade as companies look to reduce their dependence on Chinese manufacturing, economists have predicted. In a report published, the Economist Intelligence Unit said the pandemic will reverse globalization by accelerating a move toward regional supply chains. China’s dominance in international trade has grown ever since the country was accepted into the WTO in 2001. READ MORE

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