China courts global capital, on its own terms
It is looking to reduce its dependency on the West, while increasing the West’s dependency on it
EVER SINCE the start of the trade war between America and China, investors, politicians and businesses have been trying to gauge how far and how fast the world’s two biggest economies will decouple from each other. The pattern in finance is becoming clearer with the news that Didi Global, a Chinese ride-hailing firm, plans to delist its shares from New York, just six months after an initial public offering (IPO) there.
This article appeared in the Leaders section of the print edition under the headline “Asymmetric decoupling”
From the December 11th 2021 edition
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