Asia's richest man sees growing isolation for China | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Indian billionaire Gautam Adani says that China “will feel increasingly isolated” and the “foremost champion of globalization” would find it hard to bounce back from a period of economic weakness.

Speaking at a conference in Singapore on Tuesday, Adani said “increasing nationalism, supply chain risk mitigation, and technology restrictions,” as well as resistance to Beijing’s huge Belt and Road initiative, would impact China’s global role. Asia’s richest man said that “housing and credit risks” in the world’s second largest economy were also “drawing comparisons with what happened to the Japanese economy during the ‘lost decade’ of the 1990s.

” Some technology firms looking to reduce their dependence on Chinese manufacturing already see India as an attractive alternative. On Monday, Apple announced that it has started making its new iPhone 14 in India, as the technology giant looks to diversify its supply chain. While the company manufactures the bulk of its products in China, it has decided to start producing its latest devices in India much earlier than with previous generations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Take a look into the Emir of Qatar’s interview.. Covers that Qatar want globalization to be a priority and so on. Worth a read!

my name is cindy lou turner my daughter belong to donald trump i was raped right now my family in involed because andy beshear the govery of ky donald trump his kin to my x husband robert kelly and the state of ky is run by them and right

Propaganda of CNN fake news

مهسا_امینی

The headlines are quite confusing and vague, make it simple for a wider audience

Happiness is achieved when your aims and in life are determined, still doubting the efficiency of my words ? Give it a try and have the satisfaction you can obtain for yourself Joshua_encrypt am happy at last I have found a company am recovering my lost money from

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UMG Buys Majority Stake in Indian Talent Company That Manages Rapper BadshahThe strategic partnership with TM Ventures gives UMG an indirect presence in the Bollywood market after the major got out of that business a decade ago. UMG 💯💯
Source: billboard - 🏆 112. / 63 Read more »