Can we really break the China habit?
China is a hard habit to break.Even after its early mishandling of the coronavirus disrupted the country’s ability to make and buy the world’s products, further exposing the faults of its authoritarian system and leading it to ratchet up its propaganda war, China’s economic power makes it the last best hope for avoiding a protracted global downturn.“When this all started, we were thinking, Where else can we go?” said Fedele Camarda, a third-generation lobster fisherman in western Australia, which sends most of its catch to China. “Then the rest of the world was also compromised by the coronavirus, and China is the one getting back on its feet.”“Although they’re just one market,” he added, “they’re one very big market.” >click to read< 10:56
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