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Why China is leading economically: infrastructure, energy, & tech

January 10, 2023
GZERO Staff
Why China Is Leading Economically: Infrastructure, Energy, & Tech | GZERO World

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Most of the global economy is more likely than not headed toward a recession in 2023. But don't only blame it on inflation and Russia's war in Ukraine.

The economic slowdown face this year "is an acceleration of already structural problems around growth, that really started before the pandemic," renowned economist Dambisa Moyo tells Ian Bremmer on GZERO World.

Among the G-20 economies, the only country that has been serious about industrial and strategic policies to address those problems is China. That's why, she says, many Western nations were so shocked by the economic fallout of COVID.

For Moyo, for instance the US didn't have an off-the-shelf plan to respond to the pandemic. Still, she sees an opportunity for a reset in Western capitalism.

Watch the GZERO World episode: Struggling for economic progress as global recession looms in 2023
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As the macro landscape evolves and new market dynamics emerge, corporations and investors must understand the trends driving capital allocation, sector shifts, and emerging opportunities to position themselves for success. While there is growing optimism in the market, critical questions persist about geopolitical risks, the impact of tariffs and trade policies, the long-term outlook for the USD, and how to interpret the economic narratives and structural changes likely to shape the immediate future. Get insights from RBC Capital Markets experts on the economy, markets, and deal activity.

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