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submitted 2 years ago by Fissionami@lemmy.ml to c/worldnews@lemmy.ml
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[-] Blackout@kbin.social -2 points 2 years ago* (last edited 2 years ago)

not really, the pandemic boom is over so a lot of manufacturing contraction is happening right now. Product inventories are high and personal debt is also at a high. If the economy took a 180 and boomed again all those chinese factories would be at capacity with US orders. Still no replacement for China yet. Vietnam and India are not there.

this post was submitted on 11 Aug 2023
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