Comment Europe's loss is our gain (Score 4, Informative) 98
The Ukraine war has resulted in extremely high energy prices in Europe which puts a damper on manufacturing there; in addition to that China is still hamstringing itself with COVID restrictions. Enjoy it while it lasts, factory workers, it probably won't last long. Most likely the recession will deepen and demand will drop off as well, but even if that doesn't happen, China will eventually get its act together. Maybe even Europe too.