Two months from the onset of Covid-19 and the ensuing gridlock, global supply chains have been disrupted, travel plans have been derailed while oil prices continue to plummet. Chen Jibing lays bare the crippling effects that the coronavirus outbreak has and will have on the global economy. In part two of the report, Chen analyses the volatility of the commodities markets, the impact on China’s ability to implement the US-China phase one trade agreement, and the implications for global economic growth in 2020.
The Covid-19 crisis should have been a chance for the US and China to increase cooperation. Instead, the two countries have lobbed diplomatic volleys against each other in a show of one-upmanship. Now, their competition arena has widened beyond trade or tech, to the escalating coronavirus epidemic.
Roughly 17,000 people travel between China and the US daily, with a flight taking off or landing every 17 minutes. Political scientist Zhu Zhiqun opines that while relationship between the two giants will continue to experience its ups and downs, the two countries are joined at the hip. He looks into history for a better understanding of the China-US relationship.
As the PRC celebrates its 70th anniversary, and amid the China-US trade war, Prof Tian Fangmeng remembers two Americans who left their marks on China in the first half of the 20th century. One became the face of American imperialism and the enemy of communism, while the other became a familiar face in the Chinese government’s official propaganda. But are they so different?