Remarks
Defying Dire Predictions, China Is the Bubble That Never Pops
The country’s rapid rebound from the coronavirus means it’s poised for another year of growth while the U.S. contracts.
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Don’t tell President Trump, but China is winning.
The U.S. has thousands of new Covid-19 cases a day. China’s reported daily case count is down to double digits. The U.S. is braced for an historic 6% contraction in gross domestic product. China’s rapid rebound means it’s poised for another year of growth—and a speedier catch-up in the race to overtake the U.S. as the world’s biggest economy. America’s international standing has seldom been lower. From the corridors of the World Health Organization to the protest-ridden streets of Hong Kong, China’s global clout increases.