China’s economic system powered out of the pandemic daze final 12 months as the one huge economic system on this planet to not slide into recession. However might that dash quickly grind to a cease? The IMF and the Phrase Financial institution expects China’s financial progress to reasonable subsequent 12 months.
However a high Chinese language economist argues China will quickly see a brand new engine of financial progress. Economics Professor Fan Gang of Peking College, who was thrice-appointed to the influential Financial Coverage Committee of the Individuals’s Financial institution of China, argues a forgotten technology of wealthy oldies might energy the Chinese language economic system.
Additionally, the US-China commerce battle was already hurting the worldwide economic system when the pandemic hit. US-China tensions reached new heights beneath the Trump administration with a barrage of tit-for-tat tariffs protecting billions value of products. May the US-China relationship get well beneath the Biden administration?
And what does this all imply for the remainder of the world?
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