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Nicolas Baverez: "When China is in the lead"

2020-10-25T19:35:51.840Z


CHRONICLE - China will be the only major growing economy in 2020.By an astonishing paradox, China is among the big winners of the Covid-19 pandemic which was born on its soil before reaching the planet. While the United States is undergoing a "health Pearl Harbor" with 225,000 dead and Europe is partially reconfiguring itself, life has resumed its course in Wuhan, which symbolizes Beijing's victory over the epidemic. China will be the only major growing economy


By an astonishing paradox, China is among the big winners of the Covid-19 pandemic which was born on its soil before reaching the planet.

While the United States is undergoing a "health Pearl Harbor" with 225,000 dead and Europe is partially reconfiguring itself, life has resumed its course in Wuhan, which symbolizes Beijing's victory over the epidemic.

China will be the only major growing economy in 2020 (1.9%), while the United States and the euro zone are sinking into a historic recession at the level of 4.5% and 8.5%.

Better still, the Chinese recovery seems solid.

All the engines of growth have indeed restarted.

Exports have taken off again and have seen their market share reach 25% of the sales of the twenty largest exporters in the world, due to the explosion in demand for protection and medical equipment due to the epidemic, for computers and phones due to containment, for housing and decoration due to policies

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Source: lefigaro

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