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RSS FeedsWhy China isn`t expected to power a global recovery
(WorldNews China)

 
 

13 july 2020 14:25:22

 
Why China isn`t expected to power a global recovery
(WorldNews China)
 


Getting the global economy back on its feet this year won`t be easy. But it will be even tougher without more help from China, the locomotive that powered recoveries from the world`s last economic emergency. During the 2008-09 financial crisis, China`s soaring demand for raw materials and other goods boosted growth across the world, underpinning rebounds in places like Brazil and Germany. Some countries, like Australia, avoided recession almost entirely thanks to trade with China. China isn`t poised to help as much this time. Despite signs of a solid rebound recently, its economy has been hit much harder than in 2008-09, limiting its ability to lift other nations from recession prompted by...


 
22 viewsCategory: General > Asia > China
 
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