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Keyword: rconomic

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  • China Faces "Economic Reckoning" As COVID-19 Turns World Against Globalisation

    05/04/2020 4:10:19 AM PDT · by blam · 27 replies
    SCMN ^ | 5-4-2020 | cary huang
    One of the more worrying consequences of the coronavirus is that it looks likely to become a catalyst for deglobalisation. At the centre of this will be the decoupling of the Chinese economy with developed economies and the US in particular. The world’s three largest free economies – the European Union, the United States and Japan – are all drawing up separate plans to lure their companies out of China.European Union trade commissioner Phil Hogan has called on companies to consider moving away from China; US President Donald Trump’s top economic adviser Larry Kudlow has said the government should pay...