These are all about China’s emergence as a global power, a narrative that has been forming for decades. In the late 2010s, the Chinese economy reached that latter stage, with investment outflows of $860bn and inflows of $795bn. It also explains the scale of the threat to the global economy from the novel coronavirus. In 2019 the world economy expanded at a rate of 3%, China at 7% and the rest of the world at 2.3%. The Chinese economy may have no growth and perhaps even decline in 2020.

Source: Dhaka Tribune March 16, 2020 16:07 UTC