China Remains Embedded in US Supply Chains: Jackson Hole Paper.

"The US' indirect supply-chain links to China remain intact; along some dimensions - through China's economic ties with Vietnam and Mexico - these indirect links have even been intensifying", Alfaro and Chor wrote. (Bloomberg) -- China remains embedded in US supply chains even as American firms have taken steps to reduce direct imports from the Asian country, according to a paper presented at the Federal Reserve Bank of Kansas City's annual Jackson Hole conference Saturday. [Extracted from the article]