Data from China and across the world shows success in U.S., European, and Japanese efforts to diversify sourcing away from China. Each of these important markets has diminished trade with China and appreciably so. The figures may exaggerate the degree of success, since Chinese business has repositioned itself into third counties and otherwise transshipped goods through other countries, and those operations do not count in the China trade data. Though such maneuvering may have muddled the statistical evidence, it might make less difference on a practical level. After all the point of de-coupling, or de-risking, as the Europeans prefer to say, is to reduce vulnerabilities to Beijing’s bullying, and the movement to third counties has that effect in its own way.
De-Coupling From China Is Proceeding. There Can Be No Doubt [Forbes]
China Policy Research 