Why China Cannot Decouple From A Global Recession
(3 min read)
While much of the world is in freefall, activity in China is rebounding. This disconnect looks set to continue for now, with new cases of COVID-19 in China fairly small and its economy gradually reopening. By contrast, case counts are sharply rising and lockdowns occurring in many of the world’s largest economies. But far from being insulated from a global recession, China’s economy remains reliant on global demand, leaving it neither a safe haven nor a saviour for the global economy.
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