China's State Power Expands Global Supply Chain Dominance, Report Warns of Economic Impact
A report by the U.S. Chamber of Commerce highlights China's strategic expansion of state support across various sectors, including electric vehicles, semiconductors, and clean energy. This expansion is part of China's broader industrial policy, which aims to strengthen its position in global manufacturing and deepen global dependence on Chinese supply chains. The report, titled 'China's Next-Generation Industrial Policy,' indicates that China is intensifying its state-led economic intervention, extending its influence across all layers of production. This includes upstream inputs, industrial equipment, and downstream applications. The report warns that this strategy is accelerating China's trade dominance and increasing foreign dependencies on Chinese supply chains. It also notes that China's manufacturing trade surplus has nearly doubled since 2019, reaching approximately USD 2 trillion, driven by strong exports and import substitution. 
