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Could the China-US conflict evolve into two competing spheres of economic influence?

Summary:
[unable to retrieve full-text content]The increasingly contentious relationship between China and the United States is putting pressure on countries to choose sides, with the Covid-19 pandemic accelerating the process of nations stepping away from each other rather than tackling the crisis together.If current trends continue in the long run, there could be a reordering of the global economy into two major competing spheres of influence, one centred on the US and the other on China, analysts said.Beijing and Washington’s already…

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[unable to retrieve full-text content]
The increasingly contentious relationship between China and the United States is putting pressure on countries to choose sides, with the Covid-19 pandemic accelerating the process of nations stepping away from each other rather than tackling the crisis together.If current trends continue in the long run, there could be a reordering of the global economy into two major competing spheres of influence, one centred on the US and the other on China, analysts said.Beijing and Washington’s already…

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