Japan is about to hit Covid Cover Uppers China with a massive manufacturing exodus following the Coronavirus pandemic that has brought the world to its knees.
Japanese Prime Minister Shinzo Abe has proposed “building an economy that is less dependent on one country, China, so that the nation can better avoid supply chain disruptions.” reports Nikkei Asia Review.
The plans have sent chills down the Chinese Communist Party’s spines as more of the worlds top economies are set to follow suit, Politicalite reports.
Britian, the EU and the United States – who have been touting an America First policy for almost four years could follow suit.
In Beijing, the ruling unelected Communist Party bigwigs are said to be in a state of panic.
“There are now serious concerns over foreign companies withdrawing from China,” a Chinese economic source said.
“What has particularly been talked about is the clause in Japan’s emergency economic package that encourages (and funds) the re-establishment of supply chains.”
“Had the pandemic not struck, Chinese President Xi Jinping’s maiden state visit to Japan would have been wrapped up by now with Xi proudly declaring a “new era” of Sino-Japanese relations. He would have cheered on Abe as Japan prepared for the next big event, the 2020 Olympics.”
“Instead, both Xi’s trip and the Tokyo Olympics have been postponed, and Sino-Japanese relations find themselves at a crossroads.
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