In the news
How will the Chinese economy rebound from COVID-19? What effect has COVID-19 had on the Chinese economy and phase one of the U.S.-China deal? Could the United States or other nations draw lessons from China’s response to the virus? David Dollar is joined in this episode of the Dollar & Sense podcast by Dexter Roberts, former China Bureau Chief for Bloomberg Businessweek, to discuss the economic implications of COVID-19.
The coronavirus seems to be further dividing the U.S. and China. “In a normal functioning administration, my advice would be to identify practical ways where the U.S. and China can pool resources and expertise to help get the global spread of coronavirus under control,” Ryan Hass commented in The New York Times. “Such an approach is a bridge too far for the current administration, sadly.”
Both the U.S. and China should work together to fight the coronavirus.
“These are the first and second largest economies, and they are both dealing with a global pandemic,” said Cheng Li, Brookings’ Director of the John L. Thornton China Center, in The Hill. “The common enemy is the virus."
In the absence of an American global response, China may be taking its place. Rush Doshi and former Obama assistant secretary of state Kurt Campbell write in Foreign Affairs that "It was Beijing’s own missteps—especially its efforts at first to cover up the severity and spread of the outbreak—that helped create the very crisis now afflicting much of the world. Yet Beijing understands that if it is seen as leading, and Washington is seen as unable or unwilling to do so, this perception could fundamentally alter the United States’ position in global politics and the contest for leadership in the twenty-first century."
How Kobe Bryant helped to foster US-China exchange and international connections. In China-US Focus, Cheng Li and Qiuyang Wang discuss Kobe Bryant’s enduring impact on the Sino-American friendship.
