Reported about 1 year ago
Many countries globally are embracing China, but the outcomes aren't positive for most. Malaysia's decision to join BRICS was seen as a risky geopolitical move, following Thailand's shift towards China resulting in a cascading effect on the local economy. Several ASEAN countries that were once preferred for supply chain movement are now tilting towards China, with the exception of the U.S. choosing Mexico and India. South Korea and Vietnam remain uncertain. Indonesia and India, known as 'Double India,' are also experiencing stock market declines and increasing pressure due to Chinese competition. The shift towards China is affecting regions that were once the optimal choice for supply chain operations, showing a different outcome from what the U.S. has chosen.
Source: YAHOO