Brazil, India and Mexico are taking on China’s exports
To avoid an economic shock, they are pursuing a strange mix of free trade and protectionism
At last, it seemed time for a manufacturing take-off. Having struggled to compete with China’s industrial might, other emerging markets stood ready to benefit as their rival’s labour costs surged and rising tensions between it and the West pushed firms to look for new factory locations. Last year foreign direct investment into China fell to a 30-year low.
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This article appeared in the Finance & economics section of the print edition under the headline “Quite a shock”
Finance & economics May 25th 2024
- Can the rich world escape its baby crisis?
- Brazil, India and Mexico are taking on China’s exports
- How the Chinese state aims to calm the property market
- At long last, Europe’s economy is starting to grow
- Boaz v BlackRock: Whoever wins, closed-end funds lose
- Shrinking populations mean less growth and a more fractious world
From the May 25th 2024 edition
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