Good luck trying to sanction China's 4,762 little giants

AN unprecedented catalogue of sanctions has proven to be a powerful weapon in hobbling the Russian economy in response to Vladimir Putin's unprovoked invasion of Ukraine. And the threat of ensnaring Chinese companies in their web has restrained Beijing's backing for its ally.

But sanctions lose their bite if your adversary is woven into the global supply chain. And that's what China has done this century - it's moved up the value chain from socks to robots. Beijing has stepped up efforts to nurture...


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