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  • Beijing Review

    AT A CROSSROADS

    Dec 03, 2020 4 minutes
    By Xu Feibiao
    Copyedited by Sudeshna Sarkar

    The author is an associate researcher with the China Institutes of Contemporary International Relations

    This winter is going to be an extremely cold one. The United States, some European countries and a few others have encountered a third surge of the novel coronavirus disease (COVID-19) with the scale and growth of confirmed cases and deaths exceeding the previous times.

    The world economy is in deep water as a result. According to International Monetary Fund (IMF) estimates in October, the global economy is expected to shrink by 4.4 percent in 2020, the worst recession since the 1930s. Despite a global recovery in the

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