November 24, 2019

HMM: Many Chinese manufacturers are behaving as though they have no future. Symptom: “a new mood among many Chinese businesspeople that they are at the end of the long Chinese boom and that there’s no reason not to burn their bridges with non-Chinese firms, because they’re not going to be doing business with them for much longer no matter what.” This is self-fulfilling, as it just encourages more companies to move their supply chains.

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