6min chapter

Ones and Tooze cover image

China's Economic Crisis

Ones and Tooze

CHAPTER

The Impact of American Sanctions on China's Slowdown

In 2020-2021 the Chinese were looking as though they'd mastered the Covid crisis much better than anyone in the West. And all of a sudden now in 2020 really from the summer of 2022 onwards things have really kind of fallen apart and so it does cause one to ask well what could have been the trigger. The latest round of American measures against China is the latest in a long series that goes back to the Trump administration which started with the pursuit for instance of Huawei. It was China's champion in the telecom sector, the champion of 5G worldwide,. One of the biggest R&D spenders in the world now laboring under tens of billions of dollars in losses annually in its

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