, Columnist
China Is Winning the Virus-Economy Recovery Race
The economic benefits of containing Covid-19 are uneven across the globe, but one success story stands out.
Even Wuhan is back.
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The countries that best controlled the coronavirus pandemic haven’t necessarily been rewarded with economic benefits. But one economic giant has, and its success is likely to resonate for years. That’s China.
Among members of the Group of 20, the global club of leading economies, only China rebounded from a Covid-19 contraction as early as the second quarter of 2020, and its growth shows no signs of abating. In the U.S. and Europe, by contrast, where the virus arrived later, recoveries were slower and now face stiff headwinds.