China is vulnerable in this area because the United States, Europe and Japan remain by far the most important markets for Chinese exports. If access to these countries' markets were Phone Number List be significantly restricted, China would need, to compensate, other markets or its own domestic market: neither of these options seems feasible. In addition to shrinking export markets, China is finding it increasingly difficult to access high-tech from the West. It's not just the United States that has imposed sanctions on Huawei and semiconductor companies.
There are also European governments that have recently banned Chinese acquisition of cutting-edge technology. Another aspect of deglobalization that is closely related to the Chinese development model itself is likely to be of particular importance to China: the loss of efficiency through dynamic competition with Western rivals at home. Central to the success of the Chinese economic miracle was the decentralization and delegation of economic decisions, which promoted competition and creativity, and led to a rapid improvement in the quality of Chinese products (although it also long accepted corruption). ). If this competitive pressure disappears, it remains to be seen what will happen to China's innovative strength and its transition to a knowledge economy.