The Chinese government has been attempting to stabilize its domestic economy by pumping stimulus into the system, and there were high hopes of a resurgence following the easing of zero-COVID policies in the country. Despite an initial boom, Onyett-Jeffries says those measures to arrest China’s economic slide have not gained much traction. “If you go back to 2018 and 2019, all roads of the global supply chain went through China. And in 2020, we realized that as much as it styles itself as a normal Western economy, it’s still a command economy that can shut things down and keep them shut down when it wants,” he says. “So to maintain resiliency in their supply chains, we’ve seen all these bus
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