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While supply chain disruptions have significantly diminished over the course of 2022, the reversion of the index toward a normal historical range has paused over the past three months. Our analysis attributes the recent pause largely to the pandemic in China amid an easing of «Zero COVID» policies.
China has earned the reputation of being the second economy in the world. The country has shown impressive economic growth over the past decades and is expanding its influence by investing trillions of dollars around the world