Great Britain decided to boycott Chinese goods. Kingdom Prime Minister Boris Johnson commissioned the development of a plan called Project Defend to reduce the country’s dependence on Chinese imports for strategic goods. About it writes The Times.
Officials will need to identify the aspects of the kingdom’s economy in which vulnerabilities can be exploited by potentially hostile countries. Experts will also explore the possibility of reviving strategically important industries in the UK and develop measures to support them. The project will be supervised by the head of the Ministry of Foreign Affairs, Dominic Raab.
The source of the publication said that dependence on goods from other countries is a national security problem, so we are talking about “diversification of supply lines.” More than 70 categories of critical goods, including medical ones, are delivered to the UK from China. About 70 percent of the ingredients for medicines used in the country are made in China.
Earlier, more than a third of Americans (40 percent) announced a boycott of products labeled “Made in China”, refusing to buy them. This was a continuation of the trade war that began between the United States and China at the end of 2017 with the introduction of duties on a number of goods. At the beginning of 2020, the parties made mutual concessions and concluded the first phase of the trade transaction. Within its framework, Beijing is expected to purchase $ 200 billion worth of goods and services from the United States in the next two years. But relations between the countries have deteriorated sharply after US President Donald Trump accused China of publishing false information about an outbreak of coronavirus.
May 22, it became known that China for the first time since 1994, when it began to keep statistics, refused to set targets for GDP growth for 2020. The PRC economy began to slow down even before the coronavirus pandemic. At the end of 2019, the indicator grew by only 6.1 percent, which became a minimum for 29 years.