How ‘Covid first’ China is trumping ‘America first’ in economic recovery


Source: scmp.com scmp.com

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In 2008, China responded to the financial crisis by addressing the source of the shock itself, not the collateral damage the shock caused. Its approach to Covid-19 is similar – first contain the virus’ spread, then deploy targeted stimulus measures. By contrast, the US is paying for its government’s inability or unwillingness to limit the contagion In 2008, China responded to the financial crisis by addressing the source of the shock itself, not the collateral damage the shock caused. Beijing’s approach to Covid-19 is similar. By contrast, the US is paying for its government’s inability or unwillingness to limit the...