The China decoupling paradox: why the world still needs its manufacturing machine
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Talk of global decoupling from China has persisted for years, as has speculation that emerging economies such as India and Vietnam could soon replace it as the “world’s factory”. But for Indian hardware engineer Neeraj Arora, the growth of India’s electronics manufacturing industry has not eliminated the need to source components from China. Instead, it has changed the nature of those imports. A decade ago, Arora imported finished phone chargers from the world’s second-largest economy.