News Snapshot:
Reversing the trend of a slowing economy is the biggest challenge facing China’s leadership this year, especially with the Communist Party’s national congress only months away, according to former Australian prime minister Kevin Rudd. His recent assessment was further underscored on Monday when the latest official data showed that China’s economy shrank dramatically in April . “In 2022, the biggest elephant in the room on this score remains the [Chinese] economy,” said Rudd, who is now president and CEO of the Asia Society, during an address to the New York-based non-profit organisation on May 9. “China’s economic headwinds are therefore...
