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In this world in which China’s continuing rise was already perceived as a strategic challenge [to the West], the Covid-19 pandemic was met with further examples of liberal capitalist governance failure. Notwithstanding attempts to preserve Western hegemony and a Western liberal world order, the Covid-19 pandemic will accelerate and intensify existing trends towards a global reset, a shift in the center of economic gravity to Asia, the arrival of a multipolar world and new global development paths.
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