China, International Trade and Global Supply Chain
Global supply chain has fundamentally changed international trade structure. China’s rapid ascendance in the last couple of decades in global economic order can be largely attributed to its successful integration into the global manufacturing supply chain. Many of today’s essential goods are produced by international supply chains that integrate material processing, production technology, participating labor and delivery network across different geographical locations. The current state and future direction of supply chains are relevant for analyzing global and Chinese economic condition and therefore important for applying suitable trading and investment strategies regarding China.