Macroeconomics

We followed the National People’s Congress in China with great interest. The five-year plan has been always quite important. In China, plans are set to be followed and executed and this means the government means what it says and does everything to make plans happen. China is looking for greater independence from the global markets. Countries serving China’s almost endless appetite for raw materials, in particular the strategic ones, might look on this in a relaxed way. For those relying on cheap manufacturing in China, it might be time to look for alternatives. The tremendous problems of logistics and significantly rising prices which have to be expected should trigger new ideas about where and what to produce in the future.

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