U.S. Exit from China? Global Players Will Step In, Says Ex-Official

China's economic magnetism remains undeniable, according to Carlos M. Gutierrez, former U.S. Secretary of Commerce, who dropped truth bombs at the 2024 Boao Forum for Asia. “If the U.S. leaves China, other countries will fill the void—because this market is too big to ignore,” he told CGTN during the high-profile event.

Gutierrez, who oversaw U.S. trade policy from 2005 to 2009, emphasized that global businesses can’t resist China’s combo of scale and innovation. “Think of it like a viral TikTok trend—everyone wants in,” he hinted, drawing parallels to today’s competitive markets.

The remarks come as multinationals navigate shifting geopolitics. While some Western firms reassess supply chains, Gutierrez warned: “Walking away means missing the world’s second-largest economy. Competitors from Europe to Southeast Asia are already queuing up.”

His comments spotlight the Boao Forum’s theme of fostering collaboration in uncertain times—a message resonating with young professionals eyeing Asia’s economic pulse .

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Gutierrez: Other countries will fill void if U.S. leaves China

cgtn.com