'Supply chain diplomacy' suggested for US, China Chinadaily.com.cn

Global experts are calling for a new "supply chain diplomacy" between the US and China to address severe shortages caused by the COVID-19 pandemic and geopolitical tensions. Professor John Kent suggests working collaboratively on supply chains to prevent inflation and reduce the risk of military conflicts. Despite tariffs imposed since 2018, the US and China remain interconnected through essential imports and exports.

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FAQs for 'Supply chain diplomacy' suggested for US, China - Chinadaily.com.cn - China Daily

Frequently Asked Questions (FAQs)

1. What is 'supply chain diplomacy'?

'Supply chain diplomacy' refers to the idea of leveraging the interconnected supply chains between countries as a diplomatic strategy, emphasizing cooperation and mutual benefit. It suggests using the existing ties between nations to foster better relationships and address common challenges.

2. Why is 'supply chain diplomacy' being suggested for US and China?

'Supply chain diplomacy' is being suggested for the US and China due to the significant contribution their interconnected supply chains have made to reducing inflation. It's seen as time to strategically use these supply chains to improve diplomatic relations between the two countries.

3. How have interconnected supply chains between the US and China affected inflation?

The interconnected supply chains between the US and China have contributed significantly to reducing inflation by allowing goods to be produced and delivered more efficiently, which can lead to lower costs for consumers and businesses.

4. What are the potential benefits of 'supply chain diplomacy' between the US and China?

Potential benefits may include enhanced economic stability, increased efficiency and innovation in supply chain management, and an improved geopolitical relationship which could lead to better global cooperation on various fronts.

5. Is 'supply chain diplomacy' a popular concept among experts?

While the search results do not provide extensive information on popularity, 'supply chain diplomacy' has been discussed among experts as a viable approach to strengthening the diplomatic relations between the US and China, indicating there is at least some level of interest in the idea.

6. Where can I read more about 'supply chain diplomacy' between the United States and China?

You can read more about 'supply chain diplomacy' between the United States and China on China Daily's website, particularly in the World section, under the China-US opinion column.

Please note that the FAQs are based on limited information from the provided links and headlines, and for more detailed information, it is advisable to refer directly to the articles on the China Daily website.