Wouldn't India be similarly volatile? To an extent, it is possible to compare any country to the phenomenon that is China. Isn't the current government run by a wannabe strongman (sorry, but I cannot bring myself to use the word "strong" in earnest next to that kind of politician) the type of administrator who has shown recently to do all kinds of random moves for the sake of posturing/self-imposed grandieur?

Risk is what it is.

What you want is uncorrelated risk (that way, you always have some capacity available.)

It's at the point where corporations have to be abusive to compete. This is what happens when government doesn't require minimum humane treatment and fairness for workers, based on having a good life, not just scraping by or sacrificing themselves to the machine for their family.