News Analysis
China’s real economic growth rate could be zero percent or even negative this year, according to a Hong Kong-based academic expert on China’s economy.
Chinese growth is under pressure from COVID-19 lockdowns, inflationary pressures, depressed trade due to the Russian invasion of Ukraine, and potential secondary sanctions from the United States and allies for its support of Moscow.
The U.S. secretary of the treasury is a position that usually takes a pro-Beijing stance relative to other cabinet members. Yet even the incumbent secretary, Janet Yellen, threatened economic repercussions against China for any Taiwan invasion, and Beijing’s standing in the world for its support of Moscow.
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