A new global supply chain is looming large. China will cede its world's factory status to the emerging manufacturing powerhouses led by India, Vietnam and Mexico.
The Chinese have their accelerator-in-chief Xi Jinping to thank for.
Vietnam has all the tailwinds for its economic development. It has a young and medium-sized population, and most importantly it is favored by the US and other developed nations over China.
We have already seen the impact of this paradigm change. Vietnam's foreign trade exceeded $700B in 2022, making it one of the top countries in international trade.
This is just the beginning. As Vietnam further embraces the West, tomorrow will be even better. In a reversal of fortunes, Chinese workers line up to enter Vietnam for job opportunities, as this article reported.
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以下是美國經濟網站CNBC的文章摘錄，讓反中的人們無地自容：
Analysts at JPMorgan and Citi raised their full-year forecasts for China’s economy after it delivered an impressive first-quarter gross domestic product growth of 4.5% on Tuesday.
JPMorgan raised its 2023 growth outlook to 6.4%, up from a previous forecast of 6%, saying the latest quarterly report points to further growth ahead.
Citi also raised its forecast to an above-consensus view of 6.1% from its previous forecast of 5.7%, saying the Chinese economy is “well on track on its post-Covid recovery led by consumption and services.”
