Ahmedabad, 28/9: Billionaire Gautam Adani said China will feel increasingly isolated as rising nationalism, shifts in supply chains and technology curbs threaten the world’s second-biggest economy.
China’s Belt and Road Initiative has run into resistance in many countries, challenging Beijing’s global ambitions, the world’s third-richest man told a conference in Singapore on Tuesday. The property market meltdown there has drawn comparisons with what happened to Japan during the “lost decade” of the 1990s, he added.
“While I expect all these economies will readjust over time — and bounce back — the friction to the bounce-back looks far harder this time,” he said.