While the trade war had been impacting China in 2019, according to McKinsey, “although traditional drivers of China’s economy—investment, exports, and manufacturing—are struggling, the country’s consumers remain confident….Consumers in China are proving to be remarkably resilient and remain a powerful, transformative force not just in China but also across the globe.” McKinsey is predicting that China’s future … Read more
Not only has China come back online, but many of its tech giants have actually been fuelled by the Coronavirus as people have gotten more used to using online services during lockdown. Alibaba, whose B2C E-commerce Platform Taobao was essentially born out of the 2003 SARS epidemic, hasn’t done as well as tech companies that are … Read more
Bad news first. This is worse than 2008, “much worse” according to the International Monetary Fund (IMF), which called it “A Crisis Like No Other, An Uncertain Recovery” in the World Economic Outlook Update released in June 2020. This is not just a global recession like in 2008, but more like the Great Depression that happened … Read more