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Archive for the ‘Containing China’ Category

US show of force over North Korea

Posted by seumasach on July 30, 2017

“Relations between the world’s biggest economies have soured after an initial honeymoon between Trump and Chinese President Xi Jinping. The US last month sanctioned a regional Chinese bank, a shipping company and two Chinese citizens over dealings with North Korea, which could be a precursor to greater economic and financial pressure on Beijing.”

WA Today

30th July, 2017

Seoul: The United States has sent two supersonic bombers over the Korean Peninsula in a show of force against North Korea following the country’s latest intercontinental ballistic missile test.

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Xi Jinping delivers robust defence of globalisation at Davos

Posted by seumasach on January 18, 2017

It is precisely the fact that China is now leading globalization which has led to growing anti-globalization sentiment and rhetoric amongst Western elites. Up till now they have never been concerned about people being”left behind by globalization”. Brexit Britain and Trump’s America now seem to think they can “contain” China. This is a delusion: China has already forged deep ties globally with its win/win approach a welcome contrast to the West’s “winner takes all” approach

FT

18th January, 2017

China’s president launched a robust defence of globalisation and free trade on Tuesday, drawing a line between himself and Donald Trump just three days before the US president-elect’s inaugural address in Washington.

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‘Australia woos U.S., Canada after rejecting Chinese bids for Ausgrid’

Posted by seumasach on September 14, 2016

“While China is Australia’s biggest trading partner and a major investor, Canberra cooperates closely on intelligence matters with Canada and the United States.”

As with Brexit the message is clear: never mind trade and investment, lets cement security ties with the Americans. Australia can now take it’s place in Oceania, an extreme right-wing neo-feudal remake of Orwell’s dystopia alongside kindred spirits such as Brazil’s Michel Temer and our own Theresa May. The end of globalisation is the talk of the town now that it is being led by China.

Asia Times

14th September, 2016

SYDNEY (Reuters) – North American bidders will not need an Australian partner to bid for Australian electricity distributor Ausgrid, an advisor on the potentially A$10 billion ($7.46 billion) deal said, after the government rejected sole offers from Chinese interests.

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Russia-China military ties take a leap forward

Posted by seumasach on September 12, 2016

What this reveals is that the new US doctrine of detente with Russia alongside containment of China is already dead in the water. The assumption behind this strategy would have been that Russia and China could be set at odds rather as they were by Kissinger in 1972. China’s deployment in Syria and Russia’s support for China over the South Seas have essentially laid to rest such delusions. As a result, I would predict that the Brexit project will be very short-lived, that Temer will be hoisted on his own petard of Facebook protest, that Macri will reverse his anti-China shift, that the oppositional movements Venezuela, South Africa and Zimbabwe will fail and that Australia will not end up preferring a security alliance with the USA to it’s vital economic interests in a trade deal with China. At the same time, all the logic of this situation points to a Trump victory in the US. There will be no comeback for the neo-con elements purged by Obama now gathering around Clinton. We are at a remarkable conjuncture with the moment of truth to come with the raising of interest rates in the US. Then we will know exactly the potential for East-West cooperation and a reset of the global financial system: whether what is to come will be merely painful or totally catastrophic.

M.K.Bhadrakumar

Indian Punchline

11th September, 2016

The wrap on the long-awaited China-Russia naval exercise in the South China Sea has been lifted, finally. From what Beijing disclosed today regarding the eight-day exercise (codenamed Joint Sea-2016), beginning on September 12, it is anything but a routine exercise. Make no mistake, it marks a leap forward in Sino-Russian military ties and signals a significant show of strategic congruence.

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Russia wins poker game with Japan over Kuril Islands

Posted by seumasach on September 5, 2016

“Without doubt, China has taken note that there is a significant change in Japan’s thinking toward Russia. An editorial in the Global Times newspaper viewed this shift as an attempt by Tokyo in concert with the US with a view to “impose geopolitical pressure on China.”

The great thing about the USA’s containment of China strategy is that it gives full scope to Russian diplomacy on multiple fronts without really doing anything to undermine the Russia-China relationship which is solidly based on shared interests. Thus, Russia is fully engaging with both Japan and the UK in resolving outstanding differences. At the same time, the containment of China strategy looks like being short-lived: the brexit agenda is already unravelling, the Brazilian oligarchy under Temer may be hoisted on its own petard of Facebook revolution and Australia has been confronted by a stark choice between China and the USA which it must ultimately resolve in favour of the former. Is China really as concerned as it makes out?

M.K.Bhadrakumar

Asia Times

4th September, 2016

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Australia must choose between US and China

Posted by seumasach on September 1, 2016

Asia Times

 

SYDNEY (Reuters) – A senior U.S. soldier said on Thursday Australia must choose between a stronger U.S. alliance or closer ties with China, and urged Canberra to take a tougher stance against Chinese claims in the South China Sea.

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Chinese political donations highlight Australian anxieties

Posted by seumasach on August 25, 2016

Since the anglo-saxon economic model is simply incapable of generating investment in the real economy Australia, like the UK and the USA, has become dependent on inward investment from China. It is now rebelling against this dependence, biting the hand that feeds it, along with it’s kith and kin in the USA and Britain in an alliance of losers. In this Oceanic dystopia “security concerns” trump economic interests. At the same time the notorious role of big money in running the political system suddenly becomes a problem when it’s a question of China rather than the homegrown oligarchy, or the Americans, buying politicians.

Asia Times

24th August, 2016

MELBOURNE–An influx of political donations from Chinese concerns has focused anxieties about the rising superpower’s growing influence here, while sparking calls for reform of the country’s lax political finance laws.

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Is Theresa May trying to replicate Merkel’s approach to China?

Posted by seumasach on August 23, 2016

“At the moment, however, the Sino-British “golden era” in relations, ushered in by Chinese President Xi Jinping and Cameron last fall, looks like in shambles. Faced with a choice between America and China, May could indeed think that the tested relationship with Washington remains “more special” than the blossoming one with Beijing.”

Asia Times

22nd August, 2016

While British Prime Minister Theresa May probably may like to take a leaf out of German Chancellor Angela Merkel’s book, she is no stateswoman like her counterpart nor is Britain comparable to Germany in geopolitical terms. As Merkel effectively engages China and Sino-German trade turnover grows, Beijing sees Germany as the locomotive that pulls the EU economic and political trains. On the other hand, post-Brexit Britain, faced with a choice between America and China, may finally opt for the tested relationship with Washington.

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Could Trump pull off a post-party coalition?

Posted by seumasach on August 19, 2016

I think this is a credible outline of the Trump agenda: it ties in with the Brexit agenda and the emergence of an anti-China front which curiously replicates the Oceania of Orwell’s 1984. Essentially, it envisages a reconstruction policy without engagement with China. It is extremely questionable that such an Listian economic nationalist program can work in today’s conditions. It presupposes that capital goods and commodities can be imported for an ever devalued dollar. It presupposes that the USA still possesses the skills base and the national ethos for such a program, that it can accept sacrifice and a massive shift from consumer to capital spending. It presupposes that the US financial system can be adapted to productive capital investment and that the managerial, bureaucratic basis for a centrally directed economy can be put in place. And, above all, it presupposes that oligarchical interests can reconcile themselves to the dirigiste model which has hitherto been a taboo, that the political conditions for a latter-day New Deal exist. Is this, in the end, the last illusion of a USA which is rejecting a globalisation which it no longer controls?

Pepe Escobar

Sputnik

17th August, 2016

Hillary Clinton, Queen of Chaos, Queen of War, Golden Goldman Girl, for all practical purposes is by now the official bipartisan candidate of US neocons and neoliberalcons alike.

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Will China change the rules of global order?

Posted by seumasach on August 17, 2016

This article gives an excellent overview of both China’s global strategy and systemic conflicts with the Western model. The authors correctly, in my view, identify the relationship of the financial system to the state as being at the heart of these systemic differences:

“To take one specific example, in Western economic thought, banks are seen as intermediaries between borrowers and lenders. Traditionally in Asia, however, banks are seen as instruments of state-directed growth and industrialization which take deposits and then use the savings through preferential allocation of credit to drive development in predetermined priority sectors of the economy.17 China’s People’s Bank, Ministry of Finance, and major policy banks, such as the China Development Bank and the State Export-Import Bank, have worked with their southern counterparts on how to become “responsible borrowers,” and how to identify and structure revenue and surplus-generating projects so that a stable supply of funds is available to repay loans.18 Chinese experiences on public financial and fiscal management are a core component in the curriculum of this government-to-government training.”

They also show great prescience in identifying the policy shift now crystalising out of Obama’s “pivot to Asia”:

 “China, however, should be mindful that, just as it can hedge, so can the West and its likely Asian partners such as India and Japan. A reversion to an old- fashioned “balance-of-power” scenario would be unfortunate for all, especially if absent effective coordination mechanisms between the paramount powers.”

They could have added South America, South Africa, Australia and the UK as being drawn into an anti-China reaction or , at least, being strongly pressured in that direction.

Gregory Chin and Ramesh Thakur

October, 2010

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The rising power of China will create new political fissures in the west

Posted by seumasach on August 17, 2016

Raising the spectre of a Chinese “security”threat is, of course, merely a pretext. Our hostility to China becomes China’s imagined hostility to us. The real issue is systemic: China’s financial system is subordinate to the state whereas our state is subordinate to the financial system. All this has been accentuated post-Brexit: at the same time as we shut out China we are directing more of our own resources to bailing out the financial sector.

Guardian

13th August, 2016

Whether he wins or loses the US presidency next November, Donald Trump has already come up with one of the defining slogans of 2016 – “Make America great again”.

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