Commodity markets are expected to remain skittish until it gets a better handle on how the Chinese government will handle the unprecedented protests happening across the country. The demonstrations are against China’s zero-tolerance COVID policy. Protesters have called for President Xi Jinping to resign and challenged the authority of the Chinese Communist Party. A leadership change is not expected, but policy changes are possible. These protests have consequences for the global economy, especially with a supply chain that is already struggling.
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