CGTN published this video item, entitled “Recession or Reglobalization?” – below is their description.
The World Bank has predicted a global recession in 2023 and its president says China is not doing enough to stimulate global growth, thereby increasing the “burden” on the U.S. Andy Mok, senior research fellow at the Center for China and Globalization, tells “The Hub with Wang Guan” why he finds the English-speaking world’s perception of a “grim” Chinese economy strange. It reported positive growth this year, and will apparently accelerate in 2023, and China is still increasingly providing global public goods while taking care of its own citizens. Re-globalization seems to be more on point, with greater regional integration. Bert Hofman, Director of the East Asian Institute at the National University of Singapore, thinks there’s a need to stop the anti-China rhetoric and start a different way of thinking. Edgar Perez, global technology and finance expert, has a reminder. Incidents like COVID-19 will make businesses move to be close to customers.
For more:
CGTN YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.