Don’t Count On China to Lift The Global Economy
Will China be a lone bright spot as other major economies struggle with the virus in the months ahead? And when the crisis finally ends, will China resume its role as the major driver of global growth, boosting the fortunes of multinationals once again? That appears to be the hope of many who have praised China for its draconian and seemingly effective response to the virus while forgetting or forgiving its initial blundering attempt to cover up the outbreak. The reality, however, is likely to be far different.