March 09, 2022

How Russia’s Ukraine Invasion Weighs on China’s Economy

Featuring Emily Kilcrease

Source: Voice of America

Journalist Jie Xi

China's top political leaders are meeting in Beijing this week and have announced the country’s new GDP goal for 2022, a major benchmark that Premier Li Keqiang has said will remain around 5.5%, the lowest target in decades.

After two years of grappling with the coronavirus pandemic, Beijing is also dealing with turmoil in real estate markets and bankruptcies of large developers, rising debt and continuing trade tensions with the United States. But leaders are saying little publicly about how Russia’s invasion of Ukraine will affect economic growth.

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Emily Kilcrease, a senior fellow at the Center for a New American Security, said that although China has greatly strengthened its innovation in recent years, it does not have the ability to maintain its momentum if it decouples from the West.

“China's economy is still heavily reliant on engagement with the rest of the world, and it is not self-sufficient in advanced technology areas that are critical for its own security and prosperity,” she told VOA Mandarin.

Read the full story and more from Voice of America.

Authors

  • Emily Kilcrease

    Senior Fellow and Director, Energy, Economics and Security Program

    Emily Kilcrease is a Senior Fellow and Director of the Energy, Economics, and Security Program at CNAS. Her research focuses on the U.S.-China economic relationship; alignment...