It is more difficult now for China to provide the kind of support it gave after the 2008 crisis given the lower growth rate, the higher fiscal and debt burden.
JOYCE CHANG, MANAGING DIRECTOR AND CHAIR OF GLOBAL RESEARCH AT JP MORGAN
Analysts diverge on the relevance of China’s role after the pandemic, but they agree that the Asian country’s economic firepower will be diminished compared to the aftermath of the 2008-09 global financial crisis.
