Valdai Club

Almost all G20 countries have experienced “three declines” (economic growth, per capita income, and trade growth) and “three increases” (unemployment rate, fiscal deficit rate, and inflation rate), writes Hu Angang, Economics professor at Tsinghua University, for valdaiclub.com. The rate of change will greatly exceed that of 2009 when international financial crisis occurred, and will drive the world into economic recession, or even worse, world economic depression.

Statements made by a number of American politicians and publicists that the criminal nature of the Chinese communist regime is at fault for the epidemic only suggest that the practice of international relations has regressed seven to eight decades.