News Snapshot:
China’s Premier Li Keqiang’s recent warning that the economy is facing serious challenges as a result of its Covid-19 controls has raised fears the country may be facing its biggest economic slowdown – or even recession – in decades. Chinese and international observers have suggested that Beijing may need to rethink its approach towards the West and scale down its global ambitions as it grapples with an increasingly hostile external environment They warned that economic headwinds may compromise China’s ability to compete with the United States and put further strains on the Belt and Road Initiative , its transcontinental investment...
