05:22
"Friend-shoring" or attempts to bring more allies under its umbrella seem to be a last-ditch effort by the United States to deflect global attention from its growing problems such as rising inflation and a looming recession. However, abandoning free and fair trade is not the answer. CGTN's Guan Xin spoke to Li Yong, senior fellow at the China Association of International Trade, to understand why America's "friend-shoring" policy is politically motivated and is a serious departure from economic globalization.