It's not just inflation right now and dysfunctional Supply Chains regarding China, it's also 75% of the cities in China presently locked down through Zero Covid Policies that are crippling China's export businesses and manufacturing businesses.
It's likely that China is moving towards a more War Time stance against western powers in general. So, I'm not expecting business as usual to continue with western powers anyway the way things are presently moving. I'm not sure really though because knowing China, "Almost anything can and will happen there" that none of us might be able to predict.
They have had pretty much the same type of governmental systems there for 6000 years already so on one level things don't change very fast there (unless money and capitalism is involved) but then you have to look at the Cultural Revolution of the 1960s where all the educated people in China were put on farms and many died while slaving there that were not used to working with their hands but were intellectuals in universities a lot then. So, many older intellectuals who were the bulwark of China actually being functional were sent to their death often to work on farms during the Cultural revolution in the 1960s.
This created a purge of death for the intelligentsia of China during this time which was destructive to it's future in many ways. Then Deng Xiaopeng embraced Capitalism after Mao passed away and we have the financial success of China ever since. But now, something else is happening because of Russia invading Ukraine and because of Omicron being so contagious in China that Zero Covid policies can no longer work there. So, now millions are dying from no immunity from Zero Covid Policies all over China.
My thought right now (subject to change) is that trade with western powers has basically ended from China (at least for now).
And the consequences for this will help create the deaths of millions in 3rd world nations around the world this year and next. It is said that this will become the worst food famine worldwide since the first World War in 1914 to 1918.
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