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Can China’s Economy Withstand the Coronavirus? (Project Syndicate, 4 min read) Economic cost of COVID-19 will be substantial yet transitory. Disruption may last into Q3 but any permanent hit from widespread business failures, weak investment and rising unemployment is unlikely. China’s reduce trade dependency and a large digital economy also provide important buffers.
How Much Money Does the World Owe China? (Harvard Business Review, 6 min read) China is now the world’s largest official creditor with more than 5% of global GDP outstanding. But with no official data on Chinese overseas lending this “hidden debt” complicates assessment of financial risks in debtor countries.