Chinese Dominance has Helped Create a Giant

From Bloomberg: On May 17, Chinese company Shein ended Amazon’s 152-day streak as the most downloaded shopping app in the U.S., a remarkable feat for any 7-yr-old clothing brand, let alone one most Americans over 30 still haven’t heard of. They use a seemingly ingenious combination of supply-chain savvy, data-driven clothing design, and, most intriguingly, tax loopholes in the U.S. and in China that came to the fore during the trade war. The very offensive aimed at reining in Chinese dominance has instead helped create a giant. #watch2021#internationaltrade#supplychain