The Covid-19 pandemic ended the longest recorded economic expansion in United States history. China suffered its own historic slowdown during the initial Covid-19 outbreak in Wuhan, but the impacts were less severe. As a result, some have argued that the pandemic has sped up the timeline by which China will overtake the United States to become the world’s preeminent economic power. Others have argued that Beijing’s handling of the pandemic’s economic fallout has failed to put China on solid economic footing in the long-term.

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