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China is cultivating trade ties with Southeast Asia and Europe in the face of intensifying tensions with the US, and this will only expedite the trend towards near-shoring and regionalisation, said a Chinese container industry executive.
The paths of the COVID-19 pandemic and the recovery of the global economy remain impossible to predict. But it is becoming increasingly clear that, disruptive impact on international trade will leave a lasting mark. Companies should take a fresh, holistic view of the markets and trade relationships that are likely to drive growth and secure competitive advantage in the post-COVID-19 world.