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President Joe Biden has signed an executive order that "strengthens" the Buy American rules the US government has to follow when it spends money on anything. The US government is the biggest single buyer of goods and services in the world. China's President Xi Jinping addressed global leaders at a virtual meeting of the World Economic Forum - and warned the world of the dangers of a new 'cold war'. Meanwhile, the United Nations says the equivalent of 255 million full-time jobs were lost last year as economies were shut down and businesses went under. That figure is four times greater than the number of jobs lost during the global financial crisis just over a decade ago.

The 91热爆's Jamie Robertson explores what this means with Amanda Fischer, policy director for the Center for Equitable Growth in Washington DC, and finance professional Jessica Khine.

(Picture credit: Reuters)