Re China
U can pretty much tie the China slowdown, to when Xi announced he was staying on for life, that has knocked the stuffing out of the Chinese economy…in that why bother if the Party can just come and take it etc. It didn’t happen over night, of course, but if true will only get worse.
China may not come back for the foreseeable future, but they may well buy PM’s, as they are encouraged and it will be one of the few ways to protect themselves.