What is the outlook for the world economy in 2021, and how much lasting damage has been done in 2020? Carmen Reinhart, chief economist at the World Bank, explains how this crisis compares with previous ones. We find out how China’s rapid rebound is taking it back to the future. And, we predict the impact of Joe Biden’s policies on US-China trade relations. Tom Standage hosts.     Subscribe to The Economist for full access to print, digital and audio editions: www.economist.com/podcastoffer    Music by Chris Zabriskie "Candlepower" (CC by 4.0)   See acast.com/privacy for privacy and opt-out information.