A mural which says “defend the homeland” painted on a wall on Taiwanese-controlled Quemoy island, which lies around 6km from mainland China, in the Taiwan Strait. Photo: AFP
A mural which says “defend the homeland” painted on a wall on Taiwanese-controlled Quemoy island, which lies around 6km from mainland China, in the Taiwan Strait. Photo: AFP
Paul Podolsky
Opinion

Opinion

Macroscope by Paul Podolsky

How the real cost of any US-China conflict will be felt for years in lost productivity

  • When tensions such as those over Taiwan and the South China Sea spill over into violence, productivity plummets and wealth is destroyed
  • Nationalism and negative views of China are rising worldwide, and any shift from the status quo could destroy productivity for decades to come

A mural which says “defend the homeland” painted on a wall on Taiwanese-controlled Quemoy island, which lies around 6km from mainland China, in the Taiwan Strait. Photo: AFP
A mural which says “defend the homeland” painted on a wall on Taiwanese-controlled Quemoy island, which lies around 6km from mainland China, in the Taiwan Strait. Photo: AFP
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