Speaking of the decoupling from China that the U.S. government is pushing, the Asian giant is seeing its contribution to global GDP growth and investment decline, according to a recent Citigroup study reviewed by Bloomberg.

Citigroup economists estimate that China contributed 47% of global investment growth between 2010 and 2019 and 33% of GDP growth. But by 2021 they estimate that the contribution of developed economies to GDP in 2021 will exceed that of emerging economies as a whole for the first time since 2006.

This is partly due to the strong fiscal and monetary stimuli deployed by developed economies to combat the impact of the pandemic and to the changes observed in supply chains, which are seeking to become more resilient. China's current "dual circulation" strategy of boosting its domestic market in the face of hostility from Western nations is also part of the new scenario.