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China's EV industry dominance identified as potential tool for geopolitical leverage
South China Morning PostLO·CN·about 14 hours ago
Chinese companies increased their dominance in 19 out of 67 analyzed global product categories, while U.S. firms saw their lead decline from 27 to 23 categories. The shift highlights a continued erosion of U.S. industrial market share in favor of Chinese competitors, particularly in electric vehicles and digital sectors.
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