Efficient State Management in React Native

As the app grows, the state management is becoming more complex and harder to maintain.

Here are some specific areas where I need guidance:

1. State Management Libraries: Which state management libraries are best suited for React Native? I’ve heard about Redux, MobX, and the Context API, but I’m not sure which one to choose.

2. Performance Considerations: How can I manage state in a way that minimizes performance issues and ensures a smooth user experience?

3. Best Practices: What are the best practices for structuring and organizing state in a React Native app, especially for large-scale applications?

4. Data Fetching: How should I handle data fetching and state updates, particularly with asynchronous actions?

5. Local vs. Global State: When should I use local state within components versus global state managed by a state management library?

Here’s a simplified version of my current setup using the Context API:

import React, { createContext, useState, useContext } from 'react';

// Create a context
const AppContext = createContext();

const AppProvider = ({ children }) => {
  const [user, setUser] = useState(null);
  const [settings, setSettings] = useState({ theme: 'light', language: 'en' });

  return (
    <AppContext.Provider value={{ user, setUser, settings, setSettings }}>
      {children}
    </AppContext.Provider>
  );
};

const useAppContext = () => useContext(AppContext);

// Usage in a component
const UserProfile = () => {
  const { user, setUser } = useAppContext();

  return (
    <View>
      <Text>{user ? user.name : 'Guest'}</Text>
      <Button title="Login" onPress={() => setUser({ name: 'John Doe' })} />
    </View>
  );
};

const App = () => (
  <AppProvider>
    <UserProfile />
  </AppProvider>
);

export default App;

I would greatly appreciate any advice, resources, or examples that can help me manage state more effectively in my React Native app. Thanks in advance for your assistance!