China’s Evergrande ‘Bites the Dust’

China’s Evergrande is facing a media crisis after missing several key payments in recent weeks, reports the New York Times. News outlets see the situation as paralleling the events that sparked Lehman Brother’s catastrophic default in 2008, a catalyst in the global financial meltdown. Despite the turbulence, Xi Jinping’s government may not bother to save the company from a fallout that has already sparked hysteria among investors. 

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China’s Authoritarianism Facilitated Its Economic Victory Over COVID-19

Despite being the epicenter of the COVID-19 outbreak, China’s swift and strict response to the pandemic allegedly led to a 2.3 percent increase in GDP in the year 2020, reports NPR. The pandemic posed a unique challenge for the communist government, but not an unmanageable one. Leaning into authoritarian tactics, the Chinese government  was able to fight the virus while simultaneously building back its economy.

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