LONDON—The global coronavirus pandemic has intensified the rivalry between the U.S. and China, increasing future instability in international diplomatic relations, according to an annual report on global risks from the World Economic Forum.

The report, which draws on opinions of hundreds of executives and academics associated with the WEF, as well as risk-management specialists, says the pandemic threatens to widen income and other disparities within and between societies, increasing the risks of a further fracturing inside some states and in international relations.

Covid-19 “has entrenched state power and intensified rivalry between the United States and China,” the report says, forcing other powers to choose sides.


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