Other major powers, including the US (under Donald Trump) plus Japan and some members of the European Union, have been so busy attacking China’s thrust into infrastructure-related and other overseas construction that they have overlooked how important it is to overall global growth. This implies the severe recession into which the world as a whole (excluding China itself) has been plunged over the past year could prove even deeper and longer lasting than feared, because the China locomotive is losing steam in terms of overseas investment.
mandag 15. februar 2021
China’s overseas investment is falling just when the global economy needs it most
China has been the main driver of world economic growth over the past decade in terms of its contribution to total global GDP, but its role as an overseas investor, in physical infrastructure especially, has gone into a sharp and rather ominous declinemore recently.
Other major powers, including the US (under Donald Trump) plus Japan and some members of the European Union, have been so busy attacking China’s thrust into infrastructure-related and other overseas construction that they have overlooked how important it is to overall global growth. This implies the severe recession into which the world as a whole (excluding China itself) has been plunged over the past year could prove even deeper and longer lasting than feared, because the China locomotive is losing steam in terms of overseas investment.
Other major powers, including the US (under Donald Trump) plus Japan and some members of the European Union, have been so busy attacking China’s thrust into infrastructure-related and other overseas construction that they have overlooked how important it is to overall global growth. This implies the severe recession into which the world as a whole (excluding China itself) has been plunged over the past year could prove even deeper and longer lasting than feared, because the China locomotive is losing steam in terms of overseas investment.
