Thinking About China
Opinion

A Whiff of Recession Is in the Air

A Whiff of Recession Is in the Air
Traders work on the floor at the New York Stock Exchange in New York on July 1, 2022. Stocks wavered between small gains and losses in morning trading on Wall Street on July 6 as worries about inflation, rising interest rates, and a potential recession weighed on the broader market. Seth Wenig/AP Photo
Stu Cvrk
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Commentary

Economic indicators in the United States and communist China reflect that, despite denials by leaders in both countries, the two biggest economies in the world have been contracting since 2021. And recession poses real problems for Chinese leader Xi Jinping and the Chinese Communist Party (CCP): problems that are strikingly similar to those faced by President Joe Biden and the Democrat Party in the United States.

Stu Cvrk
Stu Cvrk
Author
Stu Cvrk retired as a captain after serving 30 years in the U.S. Navy in a variety of active and reserve capacities, with considerable operational experience in the Middle East and the Western Pacific. Through education and experience as an oceanographer and systems analyst, Cvrk is a graduate of the U.S. Naval Academy, where he received a classical liberal education that serves as the key foundation for his political commentary.
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