Day: January 29, 2022

In the last few years, the global supply chain has been hit hard by not only the recent pandemic but also by the trade wars between the US and China. With the relatively extreme ways that China has been dealing with these issues, many countries have realized the economic risks in relying on China as time goes on. As such, numerous foreign companies have been pulling out of China, going instead to other developing countries such as Vietnam, India and Thailand. On January 12, Canon, another large company, an

China’s Economy Is Slowing Which Could Have Big Consequences for the World. Economic output grew 4 percent in the last quarter, a slowdown from the previous quarter. Growth faltered as home buyers and consumers became more cautious. Construction and property sales have slumped, as the country grapples with power shortages, Covid-related restrictions, a crackdown on a range of companies, and debt troubles in its property sector. Some of those pressures could ease, but China’s economy may be on the path to sl