Chinese President Xi Jinping (R) waves to the press as he walks with US President Donald Trump at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017.
Jim Watson | AFP | Getty Images
Both the U.S. and China have to “step up to the plate” and provide global leadership at a time when the world’s poorest countries are in trouble due to the pandemic, said a distinguished economist.
The coronavirus outbreak, which has led to countrywide lockdowns globally, has done “extreme damage” to the global economy, said Raghuram Rajan, a finance professor at the University of Chicago’s Booth School of Business.
“I think the most important difference is: who has been able to stand?” he said, at…