China’s factory activity unexpectedly contracted in November, according to a private survey released Monday, as soft domestic demand continued to cast a pall over the world’s second-largest economy.
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Not really unexpected. A disruption of global trade, namely the pacific, a stricter export ban policy on a lot of minerals, a stricter import ban on some tech, and just a general distrust of the ever more emboldened and aggressive China has left a toll and I expect it to only lean more and more in that direction.
Idk what Xi Jinping was doing in the late 80s and early 90s, but clearly he has forgotten how quickly markets retract when trust is lost. Maybe his psyops algorithm app isn’t pushing the weight he expected it to?
