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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Fed Sustains Interest Rates, Stuns Global Markets

According to CNN, Ms. Yellen cited economic slowdowns abroad, especially the recent downturn of the Chinese economy. “The situation abroad bears close watching. Heightened concerns about growth in China and other emerging market economies have led to notable volatility in financial markets,” she said.

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