@BaltasarG Vas confuses a bit with his statement that China is a...

@BaltasarG Vas confuses a bit with his statement that China is a closed economy and therefore resilient. In any analysis it's export dependent, and very dependent on imports for food.
It's a top down control economy but whether they have actual control is another issue. They are trying like h*ll to stimulate internal demand (lately with compulsory lending directions to banks, a curious idea given the bad loans on the books), and also to stimulate lending because it's not a consumer economy. The situation is quite dire and there is a lot of scope for chaos.

I watch China Update on Youtube, with Tony a former diplomat, who is also and qualified lawyer and economist who speaks Mandarin and is located in mainland China.
https://www.youtube.com/@ChinaUpdate


However the EV market and storage battery market is big and that's only going to grow into colossal IMO.