Millions of ordinary people in Indian-occupied Kashmir are facing an unprecedented situation amidst the coronavirus lockdown imposed on the whole of India for 21 days. Kashmir was already under a strict curfew and has faced brutal repression since 5 August 2019, when a draconian law was passed by the Modi government changing the status of Jammu and Kashmir as a separate state, dissolving its state assembly by presidential order and relegating it to a union territory directly controlled by the central government.

In the depths of the 2008 crisis, Beijing rescued world capitalism. The fiscal stimulus they carried out was the largest in world history, at over £500bn. Had it not been for this stimulus, and the global demand it created for raw materials and other goods China needed as a result, the financial crisis would have been an all-out depression. The crisis unfolding before our eyes is far more serious than that of ten years ago. Yet this time, China will not be able to rescue the world, let alone its own economy.