Russian-Ukrainian War Is Accelerating the Bursting of China’s Economic Bubble, Says China Expert

A worker at the front desk of Prince Ski Town Hotel checks the phone behind a sign saying "digital renminbi (e-CNY) is accepted" in Zhangjiakou, China, on Dec. 4, 2021. Andrea Verdelli/Getty Images

Commentary

The Russian-Ukrainian war will not only harm both countries but it will also severely damage the global economy. In particular, the Chinese Communist Party (CCP), which has close ties to Russia and Ukraine, will certainly suffer economic consequences from the conflict.