.
Yes, agree.

Chronology:

- 2001 = USA foolishly allowed the more evil CCP China to join the WTO = FDI poured into China due to much lower costs = CCP China soon became the Factory of the World and then very rich and developed, especially by being copycats, stealing technology, hacking companies, exploiting its people as "slave labor", etc.

- 2018 = Trump's US-China Trade War = US Tariffs reduced some imports from CCP China.

- late 2018 = the Huawei-Meng Wanzhou and Michael Spavor/Kovrig case caused some US-Canada companies to leave CCP China.

- 2020 = Covid-19 pandemic = CCP China, the Factory of the World, restricted exports to the rest of the world = supply chain disruption and high inflation = factories in CCP China began to diversify out of CCP China, eg to Vietnam, Thailand, Indonesia, Malaysia, India, etc. Eg Apple Inc moved some iPhone, iPad and Mac production from China to Vietnam and India.

= USA raise interest rates from 2% to 5% in about 1 year's time, to fight high inflation caused by Covid-19,. CCP China and many other countries followed suit. High interest rate is bad for the economy by suppressing demand.

- 2023 = CCP China updated it's anti-espionage law, scaring many foreign companies to withdraw from China, eg CCP China arbitrarily jailing foreign employees from Japan, Taiwan, USA, Canada, etc.

- 2025 = Trump's 2nd US-China Trade War = US Tariffs again reduced many imports from CCP China.
.

This post has been edited by lurkingaround: Jun 12 2025, 04:48 PM

.
Straight from the horse's mouth in CCP China, .......

http://www.china-cer.com.cn/guwen/20250410...%9C%BA%E3%80%82 - Google Translated: ... Analysis of the main factors affecting China's economy in 2025
2025-04-10
The 2024 Central Economic Work Conference pointed out that "the adverse effects of the current changes in the external environment are deepening, and China's economic operation still faces many difficulties and challenges." The continuous emergence of difficulties and challenges is closely related to the phased characteristics of China's current economic situation and the international political and economic environment.

In 2025, China's macro-economy will be affected by many factors. Domestically, the continuous decline in the total population of the country has led to an accelerated decline in the labor force and an increasingly aging population; second, the pillar industries are changing at a relatively fast pace, the real estate industry continues to be sluggish, but the new energy industry is developing rapidly. Internationally, geopolitical risks are becoming increasingly prominent, including Sino-US relations, the conflict between Russia and Ukraine, the situation in the Middle East, etc., and risk disturbances continue; second, the weakening world economy is dragging down my country's external markets. ...
.

.
No lah. ... US unemployment rate since 2020, fyi, .......


.