“Firstly, the Chinese economy is four times as big as it was in 2003, so its losses and the impact on the global economy are likely to be correspondingly larger. “
OK, this statement is BS. There is no way Chinas economy has grown 400% since 2003.
IIRC, there was a chart or comment about China’s exports. Back with SARS, China exported something like 4% of their stuff? Or Chinese stuff accounted for 4% of global product??
And today those numbers are 16%??? (I think it was the former - 4% of their GNP was due to exports, now it is 16%)