Japan had a trade DEFICIT with china in 2019, 15B. https://www.japantimes.co.jp/news/2020/01/23/business/japan-... "marking a second straight year of red ink amid slowing demand in China"
> Therefore, any attempts of decoupling or supply chain realignment will target South East Asia first in which China has a significant influence.
The governments of India, Vietnam, and Indonesia vehemently disagree with you. And it's not ATTEMPT. Supply chain moving away from China is fully underway for several years already. Foxconn already declared that China is no longer the world's factory. https://appleinsider.com/articles/20/08/12/foxconn-says-trad...
Which part they are disagree with?
For the Foxconn statement.. I'll wait and see, they are prone to overpromise
>"Such announcements are far from unusual for Gou, and often, nothing comes of them. In Vietnam in 2007, in Brazil in 2011, in Pennsylvania in 2013, and in Indonesia in 2014, Foxconn announced enormous factories that either fell far short of promises or never appeared."
https://www.theverge.com/21507966/foxconn-empty-factories-wi...
Btw Foxconn just pivot back to China
https://www.forbes.com/sites/ralphjennings/2020/05/07/iphone...
This is completely wrong. Japan has an overall trade deficit, but not with China. It runs a 30B trade surplus trading with China, according to Chinese foreign ministry[1].
https://www.fmprc.gov.cn/web/gjhdq_676201/gj_676203/yz_67620...