What is China Plus One Strategy? MintGenie Explains
Live MintTrade relations between the U.S. and China haven’t been at their best in the past few years. Add to it supply-chain disruptions brought on by the pandemic, exacerbated now by the war in Ukraine- disruptions that have made global majors look beyond China for manufacturing bases or partners, in an approach now named the ‘China PLUS One Strategy’ said Srivats Ram, MD, Wheels India in an interview with The Hindu. From the above news piece, you know the pandemic, you might have heard about the U.S.- China spat and you obviously are aware of the war in Ukraine unless you were living under a rock all this time, but if are wondering what exactly is China PLUS One Strategy, you are the right place. What led to the formation of China Plus One Strategy? How can India benefit from China Plus One strategy?