As it turns out if China continues to slow down and/or begins to curtail its dependence on real estate construction (Evergrande anyone?), it will hit the materials complex, so cement, steel, aluminum etc may not be a good place to park money.  The Infrastructure Deal could cushion this, but I doubt it is as big as what China has been spending in construction.  Australia has had more than 25 years without a recession (pre-Pandemic), this, on the back of China's huge spending spree.