" NEW YORK – China has become the dominant source of demand for Asian manufactures and the leading supplier of goods to the United States and Western Europe during the past two years, reshaping global trade patterns.

The sheer increase in China's export volume is impressive, but just as important is the composition of trade. Asia has become tightly integrated as a Sinocentric trade zone, and the Western industrial nations have become more dependent on Chinese goods.

Some American strategists worry about China's growing power in Asia. China's enormous gains in Asian trade during the past two years at the expense of the US and Japan make that a moot point.

Elbridge Colby, a former Defense Department official who advocates a“strategy of denial” against China, tweeted on December 22:“Global peace isn't our goal. Preserving Americans' security, freedom and prosperity is. Not compatible with China
dominating Asia, the world's largest market area.”

In economic terms, that concern is two years late and a trillion dollars short."
https://menafn.com/1103434876/Chinas-post-Covid-new-trade-order

China is the middle tech kingdom with strong manufacturing. But China has tightly integrated its neighbors into a Sinocentric trade zone reflecting China's economies of scale and scope.

The US still has the top perch technology wise. But its high tech lacks scale. On the whole, its manufacturing lacks scope.

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* Origin: fsxNet Usenet Gateway (21:1/5)