Last year when the majority of the world's population was already living their normal lives, the Chinese were still strictly under the absurd zero-COVID lockdowns. They hoped once the draconian measures are lifted, their lives too could return to normal.
Now the reality sets in. The Chinese found out that they could no longer return to their lives before COVID. When they sealed their borders and performed endless COVID tests daily at the same time naively thought other countries couldn't survive without China, the world has already moved on.
A new global supply chain without China is already taking shape. India, Vietnam, Mexico along with other Southeast Asian nations are chipping away at China's once dominance in manufacturing. Their booming economies and humming factories are in stark contrast to China's.
Welcome to the new world!
欣赏Melody 发表评论于 2023-04-11 15:30:59
newbigman 发表评论于 2023-04-11 15:24:23
美国今天的最大烦恼是通货膨胀 (6.0%)。
通货膨胀的最大起因是经济过热, 就业率极高 (unemployment rate=3.6%) , 百姓有钱且消费热情太高 (demand pull is too high)。
