Stay updated with breaking news from Outbound Forum. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Foreign diplomats and representatives of chambers of commerce in China are eyeing the growth potential in the Chinese market, especially the services market, at the 2023 China International Fair for Trade in Services (CIFTIS). As the world faces multiple challenges in the post-pandemic period, it is the common aspiration of the world to seek shared development with China.
The global economy is at risk of stagflation with high rates of inflation, debt and interest rates at the same time as low growth. If the Russia-Ukraine conflict is prolonged, it will definitely further aggravate global shortages of energy and food, which will trigger a global economic crisis on a scale similar to that seen in 2008, former World Trade Organization (WTO) deputy director-general and former vice minister of commerce Yi Xiaozhun said on Friday.