The false promise of friendshoring

Contributing sentiments towards policy:

53% : For China, then, friendshoring is more about replacing rivals and antagonists with more neutral parties among the non-aligned world, such as in Central Asia and the Middle East.
50% : McKinsey calculates that if tariffs and other barriers cut the geopolitical distance of global trade by about a quarter, the concentration of imports would increase by 13% on average.
47% : It is conceivable that non-aligned countries might move closer to China politically, as China embraces them economically.
41% : Countries that score between 2.5 and 7.5 on McKinsey's scale -- a list that includes rising economies such as Brazil, India and Mexico -- account for just one-fifth of global trade.

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