Tesla has started delivering Model 3 electric cars built at its Shanghai factory. Photo: Reuters
Macroscope by Aidan Yao
Why the coronavirus may not make a big dent in supply chains in China
Even if a supply chain reshuffle now looks inevitable, it might not come about as soon as some expect. As lockdowns spread across the world, it doesn’t make sense to move production out of a country starting to recover from the Covid-19 shock
Aidan Yao is senior emerging Asia economist at AXA Investment Managers. Prior to joining AXA IM, he was a senior financial market analyst at the Hong Kong Monetary Authority for two years. He started his career at the Reserve Bank of New Zealand in 2007, serving as an economist and later senior financial market analyst until late 2011. He holds a master degree in finance (2006) and a bachelor degree in economics and finance (2005) from the University of Otago (NZ). He is also a chartered financial analyst.