A lot of steam in the tank. GLp-1 class of drugs could see sales peak at $5.6 billon in a few years in China; around 600% increase from current market size.
Chinese are good at civil wars ever since the begining of our history. Even most of the "foreign" wars become civil wars looking from later time point.
China banned Burqa not Hijab. Hijab has many different forms and has been accepted into regional traditions for a long time in central Asia and China. What was particularly targetted by China and central Asian states is Burqa which is a tradition from Saudi Arabia that arrived in China and central Asia since the 1990s. It is foreign from a contemporary point of view, and backward conservative compared to established local tradition.
At least 15 generic versions of Ozempic/Wegovy are under development in China. In a few years, the rest of the world will benefit from China's scale of production, just like some previously very expensive medical equipment such as MRI.
This is a very important project because it offers the possibility to bypass the Panama Canal.
Without the US getting rid of stock buybacks and other such financialization schemes there is little chance of the US industry ever recovering in a meaningful fashion.
To be precise, hijab is not an object - it is an action. Hijab means to veil. The action applies to both men and women; to veil what is considered nudity per Islamic doctrine. The definition varies per culture, but the most basic in all is covering the hair in women. Burqa, niqab, abaya, chador, etc are the objects used by women for hijab. The headdress worn by Christian nuns is a hijab. The word is not restricted to attire, i.e. a curtain on your window is also a hijab, as is a covid mask, as well as going into isolation (veiling from public).
These companies are overconfidence and arrogant. Until they reflect on themselves, they will always be out manoeuvred by the Indian. They obviously underestimated the Indian but not the Westerners.