News Snapshot:
The Covid-19 resurgence in some parts of Asia could lead to a change in fortunes for China, according to an economist. Previously, the U.S.-China trade war caused companies to move their supply chains out of China, shifting their production and distribution networks for products and services. As a result, countries like Vietnam and India benefited as companies moved to set up shop in their countries. But the situation appears to be changing, and supply chains could pivot back to China as cases spike in India and Vietnam, according to Zhang Zhiwei, chief economist at Pinpoint Asset Management. “Before the pandemic,...
