China’s Economy Recovery | Despite the 8.1% annual economic growth and record-breaking exports last year, the challenges of China’s economy remain as the property sales slump and the cost of goods continues to rise. China still has a long way to go as a developing country, say, experts, who believe that the economic outlook for the world is beginning to “dim.”
U.S.-Russia Talk on Ukraine | U.S. and Russian foreign ministers are preparing to meet in Geneva this week in an effort to “fend off a new Russian attack on Ukraine.” The White House warns this attack could come at any time. Observers have criticized the U.S. for creating a blockade around Russia and its EU alliances, but experts in the U.S. say that EU countries continue to build ties with the U.S., fearing dependence on Russia.
Different Approaches to Omicron | Omicron outbreaks continue to spread throughout China, challenging its Zero-Covid policy, posing a threat to the upcoming Winter Olympics in Beijing, and threatening supply chain continuity. At the same time, the U.S. seems to be adopting a co-exist-with-COVID policy. It has announced a shortening of the quarantine period for infected people from 10 days to five, and hospitals are no longer required to report Covid-19 deaths.
