The Russian-Ukrainian war will not only harm both countries but it will also severely damage the global economy. In particular, the Chinese Communist Party, (CCP) which has close ties to Russia and Ukraine, will certainly suffer economic consequences from the conflict. Cheng Xiaonong, an economist living in the United States, told The Epoch Times that China’s economic bubble is about to burst, and the Russian-Ukrainian war can only make it worse. Russia has been hit with comprehensive economic sanctions from the West. In the past several weeks, the war and the sanctions have caused global stock markets to plummet. Prices for energy, commodity, grain, oil, and food have continued to soar. Global supply chains have again been affected, and inflationary pressures have also been exacerbated. Long before the outbreak of the war, due to factors such as real estate troubles, the CCP’s “zero-COVID” policy, and tightened regulations, China’s economy has …