US, China must ‘step up’ to lead the world during the coronavirus crisis


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…


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