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China is decoupling from the world, not the other way around — Neil Newman

Summary:
The increasing nationalism of Chinese consumers, as much as supply chain issues and Covid-related disruptions, is the reason international firms are moving overseasChina will lose some foreign talent, but domestic demand will shift towards perfectly good locally made products. The real winner, though, is VietnamThe irony, of course, is that Vietnam is a communist country.SCMPChina is decoupling from the world, not the other way aroundNeil NewmanRelatedTASSVietnamese top diplomat says Hanoi to step up cooperation with Russia in all areas

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  • The increasing nationalism of Chinese consumers, as much as supply chain issues and Covid-related disruptions, is the reason international firms are moving overseas
  • China will lose some foreign talent, but domestic demand will shift towards perfectly good locally made products. The real winner, though, is Vietnam
The irony, of course, is that Vietnam is a communist country.

Related

TASS
Vietnamese top diplomat says Hanoi to step up cooperation with Russia in all areas
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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