US Chamber Warns G-7 China Puts $650 Billion of Output at Risk
Updated
Updated · Bloomberg · May 11
US Chamber Warns G-7 China Puts $650 Billion of Output at Risk
5 articles · Updated · Bloomberg · May 11
$650 billion of industrial output in the G-7 is at risk from China’s industrial strategy, the US Chamber of Commerce said in a report released Monday.
The report, prepared by Rhodium Group, said Chinese policies are becoming more systematic and pervasive, threatening to hollow out industrial capabilities in the world’s most advanced economies.
Beijing is actively reinforcing control over value chains through regulations and economic coercion, the Chamber said, framing the issue as a broad challenge to G-7 industry.
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China’s $1.65 Trillion Export Surge: How G7 Reliance on Chinese Manufacturing Threatens Global Economic Stability
Overview
China's industrial power is rapidly expanding, with exports reaching record highs and trade surpluses consistently exceeding expectations. This growth has made China a dominant force in global markets, especially in high-value manufacturing sectors. As a result, China has become a critical supplier of essential goods like machinery, computers, and transport equipment, with these categories alone accounting for $1.65 trillion in exports in 2023. This deep integration into global supply chains poses immediate risks to G7 nations, making them increasingly vulnerable to disruptions and economic leverage from China.