China is becoming a closed economy

China is in the process of making the transition from a very open economy (economically and financially) to a closed economy: the size of foreign trade and capital flows to the rest of the world is declining as a trend and in a clear-cut way. This transition of the Chinese economy: Is weakening the global economy, which is no longer benefiting from growth in Chinese domestic demand; Corresponds to the end of offshoring to China and therefore the process by which the OECD benefits from the low production costs in China; Is likely to drive up the global equilibrium interest rate, since China is no longer buying bonds in the rest of the world. The interactions between China and the rest of the world (growth, value chains, financial markets) are therefore disappearing.