Countries are walking away from trade with China after coronavirus outbreak
For countries evaluating a future beyond COVID-19, China’s commercial instability during the global crisis has become a point of contention among industry and trading partners. Many of the world’s supply lines start with China.
To Shinzo Abe, Japan’s Prime Minister, and other leaders in the Japanese government, China has proven itself a volatile trade ally. Japan is taking measures to ensure a future that’s less dependent on Chinese economic influence.
Canada and the US might follow suit. The Japanese government approved a $2.2 billion-dollar stimulus bill last week that would cover the cost for Japanese businesses to leave China and return to Japan.
These funds are a part of Japan’s record breaking stimulus package of over $989 billion dollars, aimed to help their economy recover from the effects of the coronavirus pandemic.
3 comments:
Countries are walking away from trade with China after coronavirus outbreak
Good!
I see wisdom in Japan's policy.
'Cause I'm walking away from
Walking away from things in my own past
Walking away from
Walking away from things that just won't last
--Information Society
It needs to be on a massive scale to be of any use. The socialist state of New Zealand and a weakened Australia do China's bidding every day. We sell them as much of our land as they want
Post a Comment