A benefit of economic woes could be China-US thaw – Community News
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A benefit of economic woes could be China-US thaw

The US is struggling with a labor shortage, a hungry demand for goods and soaring inflation. China is fighting power outages, weak consumption and a real estate sector in free fall.

While this may seem like a toxic environment to investors, there is one major potential benefit: it is currently impossible for the Biden and Xi administrations to ignore how much their two economies depend on each other. That could help, at least for a short time, stem the vicious circle of escalation that has poisoned the global investment climate and heightened fears of more serious conflict over the past three years.