“The Chinese are in a much stronger position than they have been coming out of any recent global crisis,” said Ian Bremmer, president and founder of the Eurasia Group.
The coronavirus pandemic gripping the globe may have its origins in China, but experts say that current trends indicate the crisis will leave it in a much stronger position geopolitically relative to the United States.
Even as China’s economy has taken a large hit from the outbreak, and will continue to suffer from falling global demand as it spreads throughout Europe and the United States, the country does appear to be opening for business, with the city of Wuhan — where the outbreak began in December — scheduled to lift its lockdown next week.
iframe.twitter-tweet { width: 100% !important; } Rising tensions, and what has so far been an American inability to stop the acceleration of new cases, are likely to lead to further decoupling of the U.S.-China economic relationship and push Europe into the arms of China, said Edward Alden, senior fellow at the Council on Foreign Relations.
The implications of what appears to be a pending geopolitical victory will be far-reaching for U.S. economy and businesses, said Eurasia Group’s Bremmer. “This will accelerate the deglobalization trend in data and manufacturing. It means that on issues like Huawei and 5G, the Europeans are less likely to follow the United States. And it increases the ability of the Chinese to follow its standards and join initiatives like One Belt, One Road,” a Chinese global development strategy.
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