In a post-coronavirus world, China looks set to grow while the rest of the world contracts

In a post-coronavirus world, China looks set to grow while the rest of the world contracts

  • Just days after China’s annual parliamentary meeting wrapped up, the world is confronted with hints of what the international landscape will look like after the coronavirus.
  • In the face of a global recession, China looks set to be one of the few countries that will expand, economically and politically, analysts say.
  • “We don’t want to leave China,” said Joerg Wuttke, President of the European Chamber of Commerce in China. “That’s why we engage more with China and ask for more.”

BEIJING — The U.S.-China relationship is at a critical turning point, analysts say, and hints of what the global landscape could look like have emerged in the few days since China’s annual parliamentary meeting wrapped up.

The highly symbolic congress – which concluded last Thursday after nearly a week of meetings – sent a strong signal to its people that China has overcome the disease, and that business is quickly getting back to normal.

Beijing also used the gathering to introduce a new security bill for the special administrative region of Hong Kong, which enjoys a semi-autonomous status. But China’s decision to approve the proposed law, that critics say will grant the central government sweeping powers to crush dissent, set off a strong reaction from U.S. President Donald Trump’s administration which threatened retaliation.

Geopolitics aside, several analysts agree a reality is emerging for businesses: In the face of a global recession, China looks set to be one of the few countries that will expand, economically and politically.

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