China’s Delta dilemma
Efforts to battle the virus compound an economic slowdown
TRADE HAS flowed through the port of Ningbo on China’s east coast since the Tang Dynasty in the 8th century. After the first opium war ended in 1842, it was one of five points of entry forcibly opened to foreign merchants. And in the first half of this year the port (which merged with neighbouring Zhoushan port in 2015) handled more tonnes of cargo than anywhere else in the world. A tour group of 80 students recently spent three days admiring the free-trade zone and the port’s “hardcore” power, as Ningbo city government put it.
This article appeared in the Finance & economics section of the print edition under the headline “Delta neutral”
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