If the Pandemic Doesn’t End in a Decade

It’s problematic to concentrate all of our economy in just a handful of regions—the current issue is already stark: when one city halts, the entire supply chain stalls.

When things grind to a halt, industrial relocation accelerates.

The international cost competitiveness of these few cities—both land and labor—is fading. The migration of mid-to-low-end industries is already underway; why not channel it inward, toward central and western China?

Why must industries inevitably relocate to Vietnam?