China is developing a central bank-backed digital yuan, while the United States is still considering how to proceed. Photo: Reuters
China is developing a central bank-backed digital yuan, while the United States is still considering how to proceed. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Biden’s America will be playing catch-up as China’s economy leaps forward

  • The pandemic might well bring forward the date at which China will overtake the US economy. Meanwhile, Trump’s policies are leaving Biden with a lot of diplomatic relationships to repair, even as Beijing pulls ahead with the RCEP and financial reform

China is developing a central bank-backed digital yuan, while the United States is still considering how to proceed. Photo: Reuters
China is developing a central bank-backed digital yuan, while the United States is still considering how to proceed. Photo: Reuters
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