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US-China Economic Relations Under Pressure From COVID-19

by Christopher A. McNally

East-West Wire

Publisher: Honolulu, HI: East-West Center
Publication Date: 1 June 2020
Binding: electronic
Pages: 2
Full Text: click here
Free Download: PDF

 

With both the US and China facing a long economic slowdown, the bilateral relationship between the globe's two largest economies faces massive challenges. Making matters worse, Washington and Beijing have attempted to divert domestic attention away from their own substantial shortcomings by blaming each other. Given the economic uncertainty, each side has limited leverage to force the other into making concessions. Harsh rhetoric only serves to inflame tensions at the worst possible time. For better or worse, the US and China are locked in a messy economic marriage. A divorce at this time would exact an enormous cost in an already weakened economy.