Since Covid it appears China has compromised itself?:
1. Poor Covid communication to the World
2. The World has chosen to become more self-sufficient & limit China's dominance where preactical
3. The US appears to have woken up & realised other countries may be closer & well placed to replace Chinese product
4. China has high unemployment, something the Govt. needs to address
5. We've had Bideneconomics - a real stimulus to the ESG transition both across the USA & abroad
I've for much of my life have been in favour of Globalisation, I've felt Globalisation would assist all countries to practice what they can competitively do best and share their productivity across the Globe - yet when we see Russia invade Ukraine, China appearing to be rubbing shoulders with Russia and continuing to indicate they want Taiwan which in turn encourages the World to seek alternate sources of supply!
Can China regain its broad economic progress & improve most/all Chinese improving economic welfare, I suspect not with the current path they appears hell-bent on following!?
This being the case, the potential for supply of product may well place many economies in favourable positions as the Worl seeks to move away from China & potentially IXR will be one of these beneficiaries!!!?
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