In its latest attempt to decouple from China, the U.S. has signed into law a new chips act, and is forcing companies to move back their production lines.
Experts say that the legislation undermines global trade and runs counter to WTO rules.
Some analysts say that decoupling from China is not the right way to address challenges the U.S. faces, while others say that decoupling from China isn't just perilous, but impossible.
Despite the U.S. rhetoric of decoupling from China, more business insiders have realized the importance of the Chinese economy in the global industrial and supply chains.
In the first half of this year, China's paid-in FDI grew by 21.8 percent year on year. In the second quarter, 91 percent of foreign-invested companies maintained or expanded their operations in China.
Produced by Xinhua Global Service
