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China is not going to back down from its policies.

• refurb 5y ago
  Like Vietnam, the economic pressures will only build over time. Vietnam is still recovering from the 1M+ workers who fled the city once lockdowns ended. Factories are short of labor, foreign buyers are looking at alternative suppliers in other countries. Not saying China can’t weather it, but either option isn’t pretty. They basically boxed themselves in being so inflexible about their zero Covid policy. Now they have their ego and national pride all wrapped in it as well.