China, the manufacturing behemoth

China is the world’s sole manufacturing superpower, claims Richard Baldwin in VoxEU/CEPR. China’s manufacturing prowess in the electric vehicles sector is leaving Western firms quaking, writes the Economist, but Beijing is planning to reign in EV capacity, per the Financial Times. Korea and China are forming joint-ventures to navigate tariffs and restrictions, writes Zongyuan Zoe Liu for the Korea Economic Institute, and Morocco is benefitting from foreign investment designed to get around IRA rules, according to Christian Géraud Neema Byamungu of the Center for Strategic and International Studies.

Mentioned publications

China is the world’s sole manufacturing superpower: A line sketch of the rise – Richard Baldwin, VoxEU/CEPR, January 17, 2024
China’s production exceeds that of the nine next largest manufacturers combined.
Western firms are quaking as China’s electric-car industry speeds up – The Economist, January 11, 2024
Chinese companies are well-positioned to dominate EV production and sales in the coming years.
HF sponsored access China vows to rein in capacity in electric vehicle industry – William Sandlund and Edward White, Financial Times, January 19, 2024
China will address expansion of EV capacity to counter domestic competition amid foreign concerns.
Navigating Korea’s Changing Trade Shifts with the United States and China – Zongyuan Zoe Liu, Korea Economic Institute, January 22, 2023
Are Korea-Chinese joint ventures a long-term solution to geopolitical pressures on supply chains?
Morocco, an Unexpected Winner of China’s Strategy to Circumvent the U.S. Inflation Reduction Act – Christian Géraud Neema Byamungu, Center for Strategic and International Studies, January 23, 2024
Morocco is well positioned to take advantage of "friend-shoring" initiatives and shifting supply chains.