PBOC deputy governor warns China is facing growing supply chain risk


Source: forexlive.com forexlive.com

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Highlighted a number of concerns: - Covid-19 has sped up the shift in the global distribution of production ... In addition to the influence of geopolitical contests, China’s industrial sectors are facing double pressure – industries moving into Southeast Asia and back to developed countries - Chip shortages and supply chain stoppages threaten supply chain security and competitiveness - increasingly unpredictable course of the Covid-19 pandemic - rising inflation and tightening monetary policies - growing anti-globalisation and nationalist sentiment that could have an impact on international trade --- Liu seems to have missed the debt-triggered implosion of China's property sector...