For Ian Bremmer, China has the strongest political governance of any major economy today. Sometime that's good, and has allowed China to become the world's second largest economy.

But there's also a downside we're going to see this year, Bremmer said during a livestream conversation to launch Eurasia Group's annual Top Risks report. China's zero-COVID policy, which worked incredibly well in 2020 to respond to the pandemic, no longer works because the virus has changed.