Those of us still deep in the Covid-19 trenches have observed over the last few months – with dismay or in sheer amazement – how China has roared back.
From shuttered factories and ghost industrial towns just over a year ago, the world’s second biggest economy and largest global supplier is projected to grow 8.1 percent this year on the back of strong exports and a gradual recovery in household consumption.
And GDP growth next year is projected to be 5.5 percent, according to the Asian Development Bank.
China is clearly back with more than just a bang … and with its re-emergence goes, or so you would imagine, the aspirations of anyone who thought to use the pandemic as a launchpad to supplant the Asian nation as the world’s main source of production. Read More.