Given the economies of the U.S. and China are so deeply connected, policymakers in Washington and finance titans in New York are closely following Beijing’s response to what could be a temporary setback — or a widening crisis with global implications.
And as the recovery falters, a moment of truth looms, with potentially enormous consequences for the United States.
And even as diplomatic links between the two nations fray, business ties persist. Elon Musk of Twitter and Tesla, Jamie Dimon of JPMorgan and Tim Cook of Apple have all recently visited China, in what could be seen as an attempt at reassurance.. “You’re not going to fix these things if you are just sitting across the Pacific yelling at each other.”Chinese President Xi Jinping at a joint press conference for the China-Central Asia Summit in Xian, Shaanxi province, May 19.
Now, life in China is returning to normal, but its economy continues to show signs of burgeoning problems that clash with the image of an unstoppable global force.lifting its own residents out of poverty
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