China's economic development has been an unprecedented growth miracle in recent human history. Över the four decades since opening up, China has transformed from a poor and backward economy to a prosperous and modern one. Indeed, for much of its growth history, China rode on the waves of globalisation, international trade, and foreign investment. However, recent global events, such as the Sino-American trade war and the Covid-19, have threatened China's centrality in the global economic order. Analyse these two (2) calamitous events and explain how each of these events has threatened China's overall position and standing in the global economy. Provide relevant examples.

China's economic development has been an unprecedented growth miracle in recent human history. Över the four decades since opening up, China has transformed from a poor and backward economy to a prosperous and modern one. Indeed, for much of its growth history, China rode on the waves of globalisation, international trade, and foreign investment. However, recent global events, such as the Sino-American trade war and the Covid-19, have threatened China's centrality in the global economic order. Analyse these two (2) calamitous events and explain how each of these events has threatened China's overall position and standing in the global economy. Provide relevant examples.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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