Patriotism tests loom for big business

中国接管全球产业?

Economist

2025-12-31

33 分钟
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单集文稿 ...

  • Welcome back to the deep dive.

  • Today we are undertaking a really critical deep dive into the accelerating evolution of global commerce.

  • We're looking specifically at this very intentional state-backed strategy to really restructure global supply chains.

  • But to truly get our heads round this massive economic shift,

  • we're going to start in a maybe surprising place.

  • The world of table tennis.

  • Yes, the international politics of the ping pong paddle.

  • It might sound like a bit of an odd starting point,

  • but it provides the perfect highly visual analogy for the economic dynamics we're about to unpack.

  • It really does.

  • So if you, the listener, follow international sports at all, specifically table tennis,

  • just think about any major global tournament.

  • The World Championships, the Olympics, like the Paris games back in 2024.

  • For Chinese spectators and analysts, the competition often takes on this distinctly in-house feel.

  • They recognize that many of the highest stakes matches eventually just devolve into a contest

  • between our Chinese and their Chinese.

  • And that phrase, our Chinese and their Chinese, that's the critical insight that really sets the stage.

  • The source material highlights how fans in China have affectionately coined a name for these emigrant athletes.

  • The ping pong foreign legion.

  • The foreign legion, I love that.