China’s first-in, first-out case ensured its supply to the world undisturbed, enabling the country to take market share from others. Even better, this is without the help of a significant government stimulus. Such a trajectory makes it the only major economy that showed growth last year. Next to COVID, de-globalization is another issue that China is facing. But China adapts and adjusts to the reality very quickly by refocusing on its domestic market. The market thus emerges a slew of domestic players from where we see investment potential for the next decade or so.
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