Enemies Circling China’s Xi? New Statesman
Enemies Circling China’s Xi? New Statesman
Read the article from New Statesman about internal and external concerns in governance in China.
George Magnus is the author of Red Flags: Why Xi’s China is in Jeopardy, and research associate at Oxford University’s China Centre and at SOAS.
Also read the IMF World Economic Outlook, Chapter 1, released in early April:
“There is extreme uncertainty around the global growth forecast. The economic fallout depends on factors that interact in ways that are hard to predict, including the pathway of the pandemic, the intensity and efficacy of containment efforts, the extent of supply disruptions, the repercussions of the dramatic tightening in global financial market conditions, shifts in spending patterns, behavioral changes (such as people avoiding shopping malls and public transportation), confidence effects, and volatile commodity prices. Many countries face a multi-layered crisis comprising a health shock, domestic economic disruptions, plummeting external demand, capital flow reversals, and a collapse in commodity prices. Risks of a worse outcome predominate.”