Can growth in developing Asia be made more sustainable?
The structure of the global economy will be reshaped by Covid-19, writes Philip Turner
Our global supply chains depend on developing Asia. First to escape from the pandemic, China’s domestic economy is picking up. With much manufacturing production in Europe and the United States likely to be closed until May, plants in China are beginning to plug the gap. And Chinese companies and banks did not experience the severe dollar squeeze that many had feared.
So are we headed back to business as usual? Not likely. Governments in Europe and the US face a public backlash against
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