Several years ago when the U.S.-China trade war started, many Chinese blindly believed that China had an upper hand because foreign investments could only make money in China. Fast forward to today, India, Vietnam and Mexico are all ramping up their manufacturing capacity and new factories are opening daily, In stark contrast to China’s depressing economy. Foreign investors now have a better place to get higher and more secure returns. That’s what keeps Xi Jinping up at night. Anything Xi does now is too little too late.
