James Crabtree is an associate professor in practice at the Lee Kuan Yew School of Public Policy at the National University of Singapore. He is author of "The Billionaire Raj."
Despite threats and incentives, companies like Chinese manufacturing


Employees work on a smartphone production line in Wuhan. In advanced electronics, companies have barely shifted out of China at all, despite cajoling from Trump. © Visual China Group/Getty Images
James Crabtree is an associate professor in practice at the Lee Kuan Yew School of Public Policy at the National University of Singapore. He is author of "The Billionaire Raj."