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- The failure of the US to effectively limit the spread of the novel coronavirus has opened the door to China becoming the world’s dominant superpower, former Federal Reserve Chairman Alan Greenspan has said.
- Greenspan said in a blog post for a wealth-management firm that the US looked as if it had “lost its way” while China was on track to achieve President Xi Jinping’s ambition to become a dominant superpower by 2049.
- While the economist said the US would enjoy less dominance this century, he highlighted some reasons its economy was not entirely replaceable.
- “For all its problems with populism, America has something precious that China lacks: a stable political regime,” Greenspan wrote.
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The failure of the US to effectively limit the spread of the novel coronavirus has “worsened” its road to economic recovery and opened the door to China