Mark Williams of Capital Economics likens this scenario to Italy’s temporary overtaking of Britain in 1987, known as il sorpasso. A “short-lived sorpasso” for China would be the “most pleasing outcome,” he quips. “Everyone gets to be right.”
Mark Williams of Capital Economics likens this scenario to Italy’s temporary overtaking of Britain in 1987, known as il sorpasso. A “short-lived sorpasso” for China would be the “most pleasing outcome,” he quips. “Everyone gets to be right.”