In These New Times

A new paradigm for a post-imperial world

China’s fallout with Australia

Posted by seumasach on December 17, 2017

“This also points to a gap in global governance since there are no international rules of investment, unlike the rules for trade of merchandise under the WTO. Those trade rules were largely led by the US. Could China be forging a new de facto global investment system through the belt and road plan? If a China-EU investment treaty is agreed, that would be another building block in such a system.”

SCMP

16th December, 2017

As Beijing’s influence in the global economy grows and Washington’s clout recedes under its “America First” policy, political fallouts similar to that between China and Australia are to be expected.

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