President Vladimir Putin’s economic adviser rebuked the central bank on Monday as the rouble slid past 101 per U.S. dollar, blaming its 30% year-to-date slump on loose monetary policy and revealing growing discord among Russia’s monetary authorities.
I think COVID while horrible, was a perfect wakeup call to companies that the JIT model and having everything made and sourced from China was not a good idea. It’s good to see the decupling from China. Hopefully it will continue and the SEA countries are using the influx of money to their advantage.
India will be the next china