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!
欣賞Melody 發表評論於 2023-04-11 15:30:59
newbigman 發表評論於 2023-04-11 15:24:23
美國今天的最大煩惱是通貨膨脹 (6.0%)。
通貨膨脹的最大起因是經濟過熱, 就業率極高 (unemployment rate=3.6%) , 百姓有錢且消費熱情太高 (demand pull is too high)。
