Xinhua Headlines: Xinhua's top 10 world news events in 2023

(231230) -- BEIJING, Dec. 30, 2023 (Xinhua) -- People queue up outside the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California, the United States, March 13, 2023. The SVB was closed on March 10 by regulators.

Top 10 world news events in 2023

4. "De-risking" exacerbates global economic predicament

In March, some Western politicians came up with the concept of "de-risking," extending the underlying logic of "decoupling" and the "small yard, high fence" doctrine. This goes against economic laws and historical development trends, essentially rejecting opportunities, cooperation, stability and development.

Currently, the world economy faces multiple challenges which thwart the recovery process. The Federal Reserve's continued aggressive interest rate hikes have sharply increased risks in American and European banking sectors, leading to deteriorating global liquidity and rising default risks in emerging economies.

The United States has been persistently advancing protectionist industrial policies such as the Inflation Reduction Act and the CHIPS and Science Act, causing other developed countries to follow suit, destabilizing international production and supply chains. The politicization and weaponization of economic and trade issues by the United States and some other Western countries are disrupting global markets and exacerbating the world's economic plight. (Photo by Li Jianguo/Xinhua)

▶제보는 카톡 okjebo