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| America has dominated global finance for decades. But could covid-19 tip the balance of financial power in China's favour? Further reading: Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.trib.al/YD53WI6 Find The Economist’s most recent coverage of covid-19 here: https://econ.st/2QXX9sJ Read Matthieu Favas’ special report here: https://econ.st/3fAPKu1 How the pandemic is driving America and China further apart: https://econ.st/2SRk2Pl Fu Ying: why China and America must co-operate on covid-19: https://econ.st/2YTYhma Read our article on China’s aim to launch the world’s first official digital currency: https://econ.st/2SThC2Y |
The Economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.
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The Economist
2020-05-19 at 16:34 (UTC 2) Link to this comment
Some of you have noticed an error in this film. We incorrectly used footage of South Korea when talking about China. Thank you for flagging our mistake—a corrected version of the film is being uploaded.
Teresa8bigsalad
2020-07-13 at 10:48 (UTC 2) Link to this comment
@A Javid wow someone is getting really mad for losing the game.? The more I see this kind of comments, the more China moving one step further. Lip service doesn't do anything.
Teresa8bigsalad
2020-07-13 at 10:48 (UTC 2) Link to this comment
@Graham Simpson right. Been declining 5000 years. Still declining
Teresa8bigsalad
2020-07-13 at 10:52 (UTC 2) Link to this comment
@jonquadro jonquadro why not. Asians are all look the same. You can't tell the difference either. Why pointing fingers? The west is always blaming others first before looking at themselves.
ThisIDIsTheLongestID
2020-08-08 at 07:24 (UTC 2) Link to this comment
Could you not even spot different alphabets?
Barrett Haynes
2020-08-11 at 17:13 (UTC 2) Link to this comment
Trump is merging the criminal Fed.Res. with the Treasury Dept.! Funny you Ignore this fact when denigrating our current rebound.
Trump In 2020! ??????
Sweet Jesus Emmanuel
2020-08-12 at 17:17 (UTC 2) Link to this comment
Hmmm
Luna Azule
2020-08-12 at 17:23 (UTC 2) Link to this comment
I wish I could have enjoyed the informative vid but I had to constantly turn volume up f(for female voice) and then immediately down (for male voice). This was informative thanks to cc but too much hassle.
To The Horror
2020-08-12 at 22:07 (UTC 2) Link to this comment
Dependency on IMF and its interest rates to bail a country? China gave their better loaning programs with lower interest rates.
Hatin' the rich US company owners and wanting to tax them higher and demanding higher wages? They are moving away their business fosho to enjoy cheaper labor and lower taxes.
Having difficulty to flourish in US soil and elevate your social class status because of discriminatory policies? China instead seek to create wealth for its own people and elevate their social status as they already understood the rich has influence and power. Creating more rich people is beneficial for their country too. Other Asian naighbors outside also seek to profit from it as well and elevate their social status. Its so easy to see a nobody from a 3rd world country, provided with internet access and little knowledge on Mandarin they can be make money with China. Guess who will they side?
US on the other hand only has some countable wealthy people, and they are inhibiting the growth of their new generation of its regular citizens. Instead, chasing away their billionaires and being anti-immigrant. Like the guy said; who controls the money controls the world. Whichever country has the billionaire's favor has more leverage and say. US is de-powering its own country making itself less alluring to do business with. Ego will destroy them because of over-upselling their prestige.
They called it the American Dream. Because you have to be asleep in it to believe it.
Joseph Kondrat
2020-08-12 at 22:59 (UTC 2) Link to this comment
Just recently the Chinese Government found out that most of the Gold in their main bank was nothing more than copper bars electroplated in gold. this year the Chinese Government was forced to devalue their money.
CELINE ADOBEA
2020-08-13 at 15:26 (UTC 2) Link to this comment
so according to this video the Chinese economy is benefiting from a virus that is said to originate from China. hmm..
Christopher William
2020-08-13 at 16:45 (UTC 2) Link to this comment
BALCH SPRINGS TX BAL CH IS PERSONAL RECOGNIZE I IN G IS
Christopher William
2020-08-13 at 16:46 (UTC 2) Link to this comment
B farmer
t1underground
2020-08-14 at 01:14 (UTC 2) Link to this comment
The mere suggestion of the topic gave this video a 3.6K downvote.
LosN Found
2020-08-15 at 14:44 (UTC 2) Link to this comment
The man talking sounds like a Russian or a citizen of Eastern Europe or those countries under a czar.?
Hana Mulugeta
2020-08-16 at 20:21 (UTC 2) Link to this comment
If you learn anything from history no one will stay on top forever
Caesar
2020-08-17 at 23:24 (UTC 2) Link to this comment
Sum Ting Wong
Indus Valley Civilization
2020-08-17 at 23:30 (UTC 2) Link to this comment
Watching from Sindh
Chris Trudell
2020-08-18 at 03:22 (UTC 2) Link to this comment
CHANGE THIS!!!
faberr20
2020-08-18 at 19:37 (UTC 2) Link to this comment
Well what if we collaborate with the Chinese but we in behind agree with them as a second global leader
Jose Gabriel
2020-08-18 at 21:43 (UTC 2) Link to this comment
Eeuu is a country, america is a continent.
Jeremiah Lim
2020-08-19 at 09:36 (UTC 2) Link to this comment
(Kitco News) – If you are buying gold because Warren Buffett’s Berkshire Hathaway bought more than $500 million in shares in Barrick Gold then you are late to the party, according to Brian Belski, chief investment strategist at BMO Capital Markets.
Monday, in an interview with BNN Bloomberg, Belski said that the Canadian bank is turning neutral on gold and warned investors not to chase the market.
The comments come as gold prices recoup last week’s sharp losses and push to test resistance at $2,000 an ounce. Belski said that they are now neutral on gold as it is due for a consolidation after recently hitting all-time highs…
Maurisha Kilian
2020-08-19 at 13:15 (UTC 2) Link to this comment
Digital wallets will be a game changer ☝️
Niccolò
2020-08-21 at 09:28 (UTC 2) Link to this comment
The Economist knows nothing about China. The world itself will fall. No more enlightenment, human rights, freedom of speech, freedom of religion.
Havierre F
2020-08-22 at 21:43 (UTC 2) Link to this comment
The short answer is no.