The West has learned that globalization was good in the short term but it is harming it in the long term. Globalization, tht is the opening up of national markets, a constant drive of imperial powers since England tried to achieve free commerce with Spain's American colonies, is now reversing. It happens that China is producing better and cheaper manufactures and the West cannot compete. Just as Manchester's mechanized textile industry (pic) destroyed India's home manufacture, China has now destroyed much of America and Europe's local industries. Huawei is so advanced that threatens to destroy America's communication industry.
My impression from the latest annual meeting of the CCP is that they understand the situation and the violent rage it produces in the West. Since they do not want war, China will focus from now in developing its internal market.
De-globalization means higher prices and inflation. The only refuge is
the stock market.
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