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Things Just Turned More Serious In China
The outlook for the beleaguered Chinese economy darkened further as trade data for August underwhelm
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Over the last five decades, China has unquestionably filled the gap for affordably manufacturing American products, and those of other western countries, and grown its economy substantially in the process. China, I imagine, will bet on the “certainty” of Xi’s leadership to help them navigate the rough economic and political seas across the world in the months and years ahead.
But there’s a meaningful share of trading partners in the world, chiefly in the US, who generally question the trustworthiness and modus operandi of Xi and the CCP. I am hoping we can effectively return a good proportion of the that manufacturing to the US and identify effective manufacturing resources in other countries in parallel, as needed.
The process of relocating manufacturing of US goods has already begun. It will require months and years. But we know Xi and we know the character of the CCP, which every day grow in their opposition to the west, and their hubris about Chinese economic prowess. China seems to think they can successfully manage their economy and control their people.
I look forward to seeing ongoing democratic government in Taiwan and rebalanced distribution of manufacturing sources for US goods away from China.