Tag: xi

Making China Great Again

The final of the World Snooker Championship took place this week in Sheffield, the hardscrabble town in England’s north perhaps best known as the setting for the movie The Full Monte.

Sheffield is a former industrial center so snookered by globalization that the laid-off steel workers in that 1997 film decide to become male strippers to make ends meet. Twenty years later, Sheffield’s steel industry continues to shed jobs, largely because of cheaper steel imports coming from China.

Still, the sector is creating some new jobs as investment is also coming in from…China. Last year, a major Chinese manufacturing conglomerate, CISDI Group, chose Sheffield for its trans-Atlantic headquarters. China thus emerges as the villain and the savior of Sheffield.