"Decoupling from China" theory doomed to fail: experts
STORY: "Decoupling from China" theory doomed to fail: experts
DATELINE: Aug. 27, 2022
LENGTH: 00:02:27
LOCATION: Beijing
CATEGORY: POLITICS/ECONOMY
SHOTLIST:
1. various of general views
2. SOUNDBITE 1 (English): STEPHEN NDEGWA, International relations lecturer, United States International University (USIU-Africa)
3. SOUNDBITE 2 (English): JEFFREY SACHS, Professor with Columbia University in New York
4. SOUNDBITE 3 (English): CHARLES ONUNAIJU, Director, Center for China Studies, Nigeria
STORYLINE:
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.
SOUNDBITE 1 (English): STEPHEN NDEGWA, International relations lecturer, United States International University (USIU-Africa)
"That is definitely a grave violation of the fair play rules of the WTO. The semiconductor industry coming from China was the driving force of U.S. t
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