Part 7/15:

He advocates for careful management of social distancing, increased testing, and protecting vulnerable populations like the elderly—arguing that "it's not a simple choice between lives and livelihoods," but rather a delicate balancing act that demands ingenuity and effective governance.

US-China Relations: A Geo-Economic Tug-of-War

The conversation shifts to the simmering tensions between the United States and China. Rajan observes that China has shown remarkable resilience, possibly experiencing a V-shaped recovery, buoyed by aggressive credit expansion and real estate investment. However, he warns that China's economy is heavily reliant on global demand; without a robust recovery in consumer nations, excess production could lead to imbalances.