This week: The industry is working in routine mode at the moment and is taking care of orders that, with a few exceptions, already existed before the holidays. Otherwise, activity in the different markets is extremely dependent on the different situations. In China, a certain paralysis continues to dominate, resulting from the handling of the pandemic. Recurrent lockdowns are hampering business activity, and this is compounded by a weak property market and general caution in anticipation of the major Chinese Communist Party congress in October. All of this has led to a wait-and-see position in the world’s second-largest economy.

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