I'm beginning to wonder if we've reached peak China and their leaders getting increasingly bolshy (for want of a better word) as they find themselves staring into the abyss.
Demographically China already has some serious issues - even a few years ago there were reports of labour shortages - and Covid has made much of the old developed world realise that they can no longer rely on China as a manufacturing site so have started to diversify. The current leader of the China seems dead set on rolling back the changes that Deng Xiaoping made and that enabled the country to become what it is today.
I think it is a real pity - a decade and a half or so ago I worked with quite a few Chinese colleagues as the company I was working for at the time had an office in Beijing and I found them to be open, honest and hardworking so I had high hopes for China.
Whatever happens, it will take a while to happen as China is so big, but I hope for the sake of people there that things do sort themselves out.