Global markets are gradually reducing their dependence on China, especially in the fields of technology and apparel production. Alongside the US and Europe, manufacturing is shifting to Vietnam, India, Thailand, Bangladesh, and other countries. The diversification of supply chains has moved from declarations to a factual trend, and products labeled Made in China are becoming less common.
Despite this, China remains a key player in the rare earth elements market. However, countries are increasingly exploring and developing their own deposits. It is expected that by 2026, global extraction of these resources will become much more active. While the transition to new sources takes time, the world is preparing to reduce China's role in this sector as well.
The US and Europe strive for favorable deals on rare earth metals, steadily narrowing China's maneuvering space. At the same time, China retains a strategic lever in its potential influence on the continuation of the Russia-Ukraine war. Experts note that Russia remains heavily dependent on China, especially for military technologies.
The US continues efforts to break the alliance between China and Russia, but trade turnover between these countries has become an important income source for Russia. Against a backdrop of sanctions and tariffs, negotiations between leaders persist, balancing US, Chinese, and Russian interests and influencing the war in Ukraine.
