Opinion | The US and China relationship just reached its most dangerous point in history, and it couldn't come at a worse time lopezlinette
On Friday the Trump administration responded to that by lthe US's relationship with Hong Kong and announced plans to investigate Chinese companies on US stock exchanges and sanction individuals involved in enforcing the new Hong Kong security measures.
China needs US money to get out of its coronavirus depression. The US needs Chinese-made medical supplies to specifically fight the coronavirus as well as China's products for its consumers and business in general. Analysts at Societe Generale estimate that the country's unemployment number sits between 70 million and 80 million people at the end of March. According to official figures, China's GDP contracted by 6.8% in the first quarter, a historic drop.
"This is the workshop of the world and if the world is just down, that has a devastating impact on China," Chu said in an interview with Business Insider. "They can't get back to normal themselves without the US and the world."
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