Not the start of the decline of globalisation – just of China's dominance
Determined to have his FDR moment, Joe Biden’s latest policy seems likely to have put ...
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By Alex Lennane
On the day that London Heathrow and Gatwick announce their expansion proposals to the UK’s Airports Commission comes the news that Beijing is to spend $14bn on a new airport, south of the capital. It will be able to handle 72m passengers and 2m tonnes of cargo each year. Meanwhile Heathrow has finally submitted its so-called freight strategy – which appears to detail only that it will double cargo capacity if it wins the right to expand.
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