Charles Stanley's Redwood: Chimerica is so last decade

Both have hit problems in 2022

Given the evolution of US policy towards China, the years ahead are likely to be studded with trade disputes and tensions between the big two.

In the early years of the current century, China pulled away from the pack of emerging economies with supercharged growth. There was increasing discussion of the world's two largest economies, China and America, working together to drive the world. Accounting now for more than 40% of world GDP, these two giants are both very different to each other - but mutually dependent after years of developing stronger trade and financial links.  Following admission to the World Trade Organisation, China swept all before it as the world's increasingly dominant exporter of manufactured goods. The US ...