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Fortune
Fortune
Kenneth Dewoskin, Alan MacCharles

How U.S.-China competition is benefiting the world—and reshaping the global economy

(Credit: Luke Dray - Bloomberg - Getty Images)

The strategic competition between the United States and China is a much broader story that is having an impact on all countries and cross-border business. 

The new globalization story starts in China because of the country's rapid economic rise and geopolitical tensions. For the most part, companies have an over-concentration of manufacturing and supply chains in China. But overconcentration is not limited to China.

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