Economies have undergone painful changes over the past several years due to international crises.
First, there was the response to a virus originating from the Chinese city of Wuhan, which has led some to rethink globalization.
Now the more recent consequences of the Russian-Ukraine war have further added to discussions on global trade, with one example being ideas put forward by German macroeconomist Gustav Horn.
Currently in China, many are under strict lockdown measures that are also damaging the national economy, something revealed in the tourism figures for “golden week” which you can read further below. They offer a snapshot into the nation’s economic health, something that the propagandists from the Chinese Communist Party (CCP) would like to hide.
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