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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
Secretary-General of the UN Trade and Development (UNCTAD) Rebeca Grynspan warned of a potential "lose-lose" scenario for developing and developed nations as tensions grow between reinforcing the global supply chain and rising decoupling efforts. In a meeting with Ren Hongbin, president of the China Council for the Promotion of International Trade, Grynspan said that the fragmentation of trade and finance could result in a global economic shock akin to "another pandemic," with the IMF predicting a 7 percent loss in global GDP.