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Mar22 SONIA Call Condor Buyer

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China has overcome the difficulties of economic recovery more effectively, so it has a powerful foundation to resist U.S. censure and lead international competition, the Global Times said in a commentary. The U.S. and Western countries are dependent on Chinese products in many areas, and it is difficult to implement an alternative strategy, said the newspaper. However, China faces a debt default represented by real estate giant Evergrande Group, a sluggish property market, and a shortage of electricity, which pressured growth, said the newspaper. China should speed up measures to alleviate the power shortage, and the government needs to carry out regulation based on facts and reality, and not hesitate to break through restrictions, the newspaper said.