#Chinainsights#Redsea#Chinanews
China's economy mainly relies on export trade and has benefited from globalization for nearly two decades. After three years of zero-Covid lockdown policy, China has been seriously jeopardized as an important part of the global industrial chain. The recent Red Sea Crisis will lead to a very big adjustment in the future economic structure and industrial chain in China and the world. If it is not controlled, China will be the biggest loser of the crisis.
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