Victor K. Fung Chairman of the Fung Group, Former Chair of the International Chamber of Commerce
Apr 27 , 2020
The COVID-19 pandemic has sent the world into perilous, uncharted territory from which no country will emerge unscathed. Over half of the global population is under some form of lockdown. All economies, rich and poor, are falling into recession and can limit the fallout only by working together.
Ben Reynolds Writer and Foreign Policy Analyst in New York
Apr 24 , 2020
In this time of economic instability, we can look to the past to understand how we got here, and what might come next for the shifting global economy. China and the U.S. are key players in shaping what comes next.
Zhang Jun Dean, School of Economics, Fudan University
Apr 17 , 2020
The global recession brought on by the COVID-19 pandemic is almost certain to be far deeper and more protracted than the one that followed the 2008 global financial crisis. While many governments have pledged to bolster their economies with unprecedented monetary and fiscal stimulus – despite holding already-massive public debt – the best they can probably hope for is to stave off economic collapse. If they insist on turning inward – pointing fingers and erecting barriers, instead of upholding international cooperation and economic engagement – even that may become impossible.
Joel A. Gallo CEO, Columbia China League Business Advisory Co.
Apr 16 , 2020
The coronavirus pandemic has sent firms into a frenzied dash to raise cash, a somber sign that the worst of the coronavirus is still ahead of us. Central banks may be called on yet again to prevent a global funding crisis.
Apr 14 , 2020
China developed an app to help make a return to "normal life".
James H. Nolt Adjunct Professor at New York University
Apr 13 , 2020
The COVID-19 pandemic has caused global production to come to a grinding halt, and the economic fallout is far more abysmal than economists and leaders seem to recognize. The plan for recovery that is currently being enacted will do little to mitigate the inevitable devastation in our near future.
He Weiwen Senior Fellow, Chongyang Institute for Financial Studies
Apr 09 , 2020
Global financial conditions, including heavy debt, are nearing a tipping point that could lead to protracted trouble. Protectionism and other factors risk disrupting the world’s fragile supply chains and driving the world into a 1930s-grade catastrophe.
Zhang Yun Associate Professor, National Niigata University in Japan
Apr 07 , 2020
East Asia’s underlying regional identity has always emerged in moments of crisis. The current pandemic provides an opportunity to more formally develop the mechanisms of community.
Bill Emmott Former editor-in-chief of The Economist
Apr 07 , 2020
With the global COVID-19 crisis quickly escalating, Japanese Prime Minister Shinzo Abe has had to accept a hard truth, rightly taking the initiative in telling the Diet (parliament) this week that the Tokyo Summer Olympic Games may need to be rescheduled, and ultimately reaching an agreement with the International Olympic Committee (IOC) to postpone the event until 2021.
Zhang Monan Senior Fellow, China Center for International Economic Exchanges
Apr 03 , 2020
The two countries followed dramatically different paths in managing the pandemic, inviting comparisons of their governance models. Certainly, this is a test of leadership. The country that drives the international response will be in the driver’s seat in reshaping globalization.