US or China for Post Covid-19 financial dominance

Very informative video from The Economist with Matthieu Favas – Finance Correspondent – talking about the balance of power between the USA and China. The US didn’t show global leadership during the pandemic and China might fill the global vacuum that the US has left on the world stage. China has the second biggest bond market in the world and Covid-19 provided a rigorous test to suggest that people trust Chinese bonds. However there is a distrust of Chinese intentions and remember that Chinese officials covered up the spread of COVID-19.

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