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Articles on Global economy

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A Shanghai refuse worker shows the strain of the month-long COVID lockdown. Shutterstock

China’s COVID crisis and the dilemma facing its leaders, by experts who have monitored it since the Wuhan outbreak

What can China do to resolve a crisis that threatens not only the health and security of its people and economy, but the future of Chinese Communist Party and its leader Xi Jinping?
Since becoming China’s top leader in late 2012, President Xi Jinping has centralized power to the point that it’s unclear when he’ll step down, or who might succeed him. Kevin Frayer/Getty Images AsiaPac via Getty Images

China has no plan for who will succeed Xi Jinping – leaving the nation and the world in uncertainty

In the past, the lack of a succession plan for China has led to political unrest in the country. If it happens again, it will also affect the world.
Containers are seen stacked at a port in Qingdao in China’s eastern Shandong province on Jan. 14, 2020. STR/AFP via Getty Images

The ‘China shock’ of trade in the 2000s reverberates in US politics and economics – and warns of the dangers for fossil fuel workers

Large-scale job losses in the US due to trade with China will lead to enduring demographic and political aftershocks without the implementation of policies that promote widespread job growth.
Voters follow social distancing measures at the Halifax Convention Centre as they prepare to vote in the federal election in Halifax back in September. This year will bring about a host of significant political issues and events that will impact communities both locally and globally. (THE CANADIAN PRESS/Andrew Vaughan)

Here are some of the political events that will dominate headlines in 2022

International relations, elections, climate change policies and the continuing pandemic are some of the political events to keep an eye out for in the upcoming year.
The success of Brazil’s vaccine program will have a ripple effect on countries to which it exports commodities such as steel. Michael Dantas/AFP via Getty Images

The $4 trillion economic cost of not vaccinating the entire world

The world’s most advanced economies will incur half the total costs associated with a failure to vaccinate poorer nations, which could exceed $4 trillion if only half their citizens are inoculated.
A man looks at foreign currency exchange rates on an electronic panel in Jakarta, Indonesia. FOTO ANTARA/Rosa Panggabean/ed/mes/11

Indonesia and China inked a deal to promote the use of the Yuan and Rupiah. The political and economic implications are huge

The agreement marks a key milestone in strengthening bilateral financial cooperation between the world’s largest exporter, China, and Southeast Asia’s largest economy, Indonesia.

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