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Stuck in China’s Gravitational Pull

Chinese President Xi Jinping speaks at the Belt and Road Forum in Yanqi Lake, China, in 2017.

Chinese President Xi Jinping speaks at the Belt and Road Forum in Yanqi Lake, China, in 2017.

Photographer: Jason Lee/AFP via Getty Images 

Even as nations seek to extricate themselves from China’s economic grip, or at least limit their exposure, the reality of the global economy keeps pulling them back.

Under U.S. President Donald Trump, there’s been much talk of “decoupling” from China, finding ways to diversify supply chains and funding routes — and this pattern could continue under his successor, Joe Biden. Indeed, some Southeast Asian nations like Vietnam have benefited from companies moving their operations there.