America has dominated global finance for decades. But could covid-19 tip the balance of financial power in China's favour?
Further reading:
Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.trib.al/YD53WI6
Find The Economist’s most recent coverage of covid-19 here: https://econ.st/2QXX9sJ
Further reading:
Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.trib.al/YD53WI6
Find The Economist’s most recent coverage of covid-19 here: https://econ.st/2QXX9sJ
-
- 1
Francisco Gimeno - BC Analyst The pandemic has already changed the world. There is on one side more confusion and chaos, and on the other side, more clarity. The global economy is imbalanced, and global emerging superpowers are taking the chance to bet against the US superpower. However, everything is a process. China needs yet time and internal changes to be considered the economic motor of the world. Maybe this century will be the Chinese one. Maybe not. But we agree, 2020 is a point of inflexion, towards a new digital economy.