As U.S.-China relations become increasingly tense, the chances of a U.S.-China decoupling has drawn increasing attention. Some economists believe that if the United States joins hands with its allies in decoupling from the CCP, it will cause a huge blow to China’s economy, dropping its GDP growth to 1.6%. If so, all kinds of social problems that were once placated by the economic growth of China will become more pressing.
Bloomberg economists Tom Orlik and Bjorn Van Roye wrote on September 3 that such a decoupling would have a much larger impact on China than on the U.S. as China gains more from cross-border exchanges of ideas and innovation.
