The Real Story
Apr 24, 2020
China was first country to suffer the effects of Coronavirus, but a few months on, it has contained the worst of the outbreak in a way the United States and most European countries have not. The Chinese economy is bracing for the first year on year economic decline for more than forty years, but western countries are projected to fare even worse. Before the pandemic, the US-China trade war had already amplified rivalries between the world’s two biggest economies, so will Covid-19 accelerate the shift in power and influence from west to east? China has been trying to increase the size of its domestic economy but the country is still reliant on exports, especially to the United States and Europe. So will that continue, or will the pandemic end hyper-globalisation and China’s place at the heart of global manufacturing? And will China turn its economy around and help the recovery of the United States and Europe or will it use the crisis to seek economic and strategic advantage? Join Dan Damon and guests as they discuss whether China will come out of the Coronavirus crisis on top.
