Decoupling from China requires $23.6 trillion investment, EY-Parthenon says

According to a recent study by EY-Parthenon, the United States, European Union, and United Kingdom must collectively invest roughly $23.6 trillion over the next quarter-century to lessen their reliance on China. This funding would be directed towards enhancing manufacturing capabilities, industrial infrastructure, research functions, software ecosystems, logistics, and supply chains. Specifically, the US would need about $13.7 trillion, while the EU would require $9.1 trillion, and the UK would need around $800 billion by 2050. These estimates, which build on current spending, underscore the magnitude of the task ahead. The analysis recommends that Western nations prioritize strengthening resilience in critical sectors instead of merely attempting to 'catch up,' ensuring global supply chains remain intact.