China avoided Covid-related ‘economic catastrophe’ US is currently dealing with, Professor Wolff tells Boom Bust
“The Europeans are dealing with a rising power over there, and a declining power here,” says Wolff.
“I think Americans particularly have got to understand that the Chinese economy is a powerhouse. They handled this Covid way better than the United States. They have avoided the economic catastrophe that we have here; accompanying that, they are moving quickly, they already were a growing power, they’ve grown faster than the United States for the last 25 years,” he added.
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