With all the desperate war news that have come out, its short term economic impacts are probably priced in. Russia's economy isn't that big. But longer term I suspect China will be dragged in and the world will have to deal with that. The decoupling between China and the West will be consequential not only economically but also in many aspects of everyone's life.
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Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.