Crowds thronging Sanlitun, an upscale district in Beijing, during the Golden Week holiday. China’s post-Covid rebound is gathering momentum. Photo: EPA-EFE Crowds thronging Sanlitun, an upscale district in Beijing, during the Golden Week holiday. China’s post-Covid rebound is gathering momentum. Photo: EPA-EFE
Crowds thronging Sanlitun, an upscale district in Beijing, during the Golden Week holiday. China’s post-Covid rebound is gathering momentum. Photo: EPA-EFE
Stephen Roach
Opinion

Opinion

Stephen Roach

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

  • 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

Crowds thronging Sanlitun, an upscale district in Beijing, during the Golden Week holiday. China’s post-Covid rebound is gathering momentum. Photo: EPA-EFE Crowds thronging Sanlitun, an upscale district in Beijing, during the Golden Week holiday. China’s post-Covid rebound is gathering momentum. Photo: EPA-EFE
Crowds thronging Sanlitun, an upscale district in Beijing, during the Golden Week holiday. China’s post-Covid rebound is gathering momentum. Photo: EPA-EFE
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