Daniel Moss, Columnist

Thanks to China, It's Year of the Black Swan

The Wuhan virus is only the most recent surprise event to challenge Beijing’s economic partners.

January 30, 2020 at 10:00 PM UTC

Daniel Moss is a Bloomberg Opinion columnist covering Asian economies. Previously, he was executive editor for economics at Bloomberg News.

Oh, rats.
Photographer: Kevin Frayer/Getty Images AsiaPac

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Hitching your wagon to China’s star just isn't what it used to be.

Once, proximity to the mainland and relying on its economy were surefire ways to boost growth. During China’s rapid development in the 1990s and 2000s, it became the world’s biggest goods exporter and factory floor. Smaller neighbors that wove themselves into China’s supply chain benefited as a result. Those were the heady days of trade and market liberalization.