Nobel-winning economist Michael Spence on China’s future in a tech-driven world

Quick Summary:

Michael Spence, a winner of the Nobel Prize for economics, discusses the impact of the US-China rivalry on global trade and the future of China’s economy as supply chains shift.

From the European point of view, part of it is like America, part of it is more ambivalent because of the importance of China as a trading partner, especially for Germany.

China’s growth is powered by the positive things in the Chinese economy, like the capacity for innovation and, hopefully, trade relations – if they haven’t deteriorated too much – which will restore higher growth.

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Article Details

Author / Journalist: Kandy Wong

Category: Business

Markets: Hong KongChinaGermanyIndiaItalyJapanSingaporeSwedenUkraineUnited States

Topics: Growth That’s Trade China Going World Part Chinese Economy It’s People

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 07:00:12 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 3748 words

Reading Time: 21 minutes read

Sentences: 234 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22021609

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