Covid:
China domestic new covid cases numbers continue to drop, this is a good sign for potential easing of lockdown.
Russia and Ukraine:
No effective progress for Russia in Ukraine, it a sign of long term conflict.
All exports from Russia will be affected for long time such as 12 months.
China economy:
China economy is highly relied on government stimulusgiven weak domestic demands and weakening exports.
US economy:
There are signs that US domestic demands are weakening given high inflation. The only way to avoid a recession is for US government add more fiscal and monetary stimulus to economy.
Food crisis:
Some Chinese wheats were cut off before harvest for feeds for animals. Not sure how big is the scalefor this yet. It would affect the overall food production for this year for sure if the scale is big.
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