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Archive for the ‘Containing China’ Category

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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China warns ‘protectionist’ Australia on investment

Posted by seumasach on August 17, 2016

Asia Times

SYDNEY/BEIJING (Reuters) – Australia’s decision to block the A$10 billion ($7.7 billion) sale of the country’s biggest energy grid to Chinese bidders was a protectionist move that would negatively affect investment in the country, China’s Ministry of Commerce said on Wednesday.

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Propaganda: the Chinese are expansionists

Posted by seumasach on August 15, 2016

Voltairenet

14th July, 2016

The Court of Arbitration (the PCA) at the Hague ruled in favour of the Philippines in its case against the People’s Republic of China, rejecting Chinese territorial claims over the Spratly Isles in the South China Sea.

For the Western Press, this is a sign that the United States is right to denounce Chinese expansionism.

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Why China-bashing prevails in US politics

Posted by seumasach on August 13, 2016

Sputnik News

13th August, 2016

Ahead of the upcoming presidential elections in the US, New York-based political analyst Caleb Maupin shares his vision on some of American foreign policy issues, such as relationship with China: he is convinced that no matter who wins, the President elect will be assigned the task of intensifying the confrontation with Beijing. And here is why.

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Nuclear espionage charge for China firm with one-third stake in UK’s Hinkley Point

Posted by seumasach on August 11, 2016

A timely intervention by the Americans just to make sure there’s no backsliding on their post-Brexit, “containment” of China policy for us.

Guardian

11th August, 2016

The Chinese company with a major stake in the proposed Hinkley Point C nuclear power station has been charged by the US government over nuclear espionage, according to the US justice department.

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Does TPP matter? Does Singapore matter?

Posted by seumasach on August 10, 2016

“A purely military containment strategy worked against the USSR since the Soviet Union and its satellites formed an inward-looking economic autarchy, and Western Europe inevitably looked to the US and its massive economy as its only option for economic integration.

Not so in Asia.  The PRC under Deng Xiaoping made the decision to eschew the autarchy model and embed China in the world and regional economy.”

That’s why “containment” is more about regime change in countries which engage too closely with China. There have been successes so far in Brazil, Argentina and the UK but these may end up being Pyrrhic victories: the USA offers no alternative developmental model to the enormously successful Chinese one.

Asia Times

9th August, 2016

During his recent trip to the US, Singapore Prime Minister Lee Hsien Loong, along with US President Barack Obama, made a joint pitch for the ratification of Trans-Pacific Partnership (TPP) trade agreement. However, the hope that the TTP would form the foundation of a robust and prosperous East Asian security regime centered on economic integration and positive US engagement is fading as China has chosen to react to The Hague ruling by unilaterally redefining its role in East Asia in opposition to the security and economic regime the US is seeking to reinforce.

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Brexit meets Russia

Posted by seumasach on August 10, 2016

Britain’s post-Brexit foreign policy: detente with Russia, containment of China. This, presumably, is merely a reflection of US foreign policy- the culmination of the Obama doctrine and the policy basis of the next US presidency.  There is a logic here: just as confrontation with both Russia and China is unrealistic, so is detente with both together. If we are to finally bring an end to the Cold War then this is to be applauded. Russia and China cannot be turned against each other: this is not 1972. At the same to “containment” of China may turn out to be just a posture, although a very expensive one, especially for the UK. Washington intends to hold back, Canute-style, the incoming waves of China’s economic development model, partly by mimicking it with a neo-Keynesian policy shift. Neo-Keynesianism in one country is not possible: it has to be carried out globally on the basis of a new global financial architecture, a reset of the global currency system. In the end , constructive engagement with our main creditor and the world’s productive centre is inevitable.

Theresa May speaks to Russian President Vladimir Putin for the first time since becoming Prime Minister

Independent

10th August, 2016

Theresa May has spoken to Russian president Vladimir Putin for the first time since she became Prime Minister.

The Kremlin said both leaders expressed dissatisfaction with UK-Russian relations and pledged to improve ties.

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China, Russia will by no means compromise on their security interests

Posted by seumasach on August 8, 2016

If Trump’s detente with Russia is aimed at driving a wedge between Russia and China it looks like a forlorn hope. As for isolating Russia and China that depends on checking both European and Asian integration, the former now rendered much more difficult by Brexit. The Chinese assessment that Washington’s “devoted efforts towards a global anti-missile shield also reveals an anxiety over its declining influence in the world” is accurate: it is no longer about US leadership but, rather, a retreat into  safe space, albeit one as extended as possible. The main active thrust in US foreign policy is now to frustrate Chinese “soft power”, the spread of China’s enormously successful developmental model which the West cannot in any way match. For the moment this has been successful, shifting Argentina, Brazil, Britain and Australia out of the Chinese economic sphere of influence with Venezuela and South Africa next in line. It remains to be seen how long the US can prevail on these countries to abandon their economic  interests for a “security” alliance with the USA. The UK’s equivocation about triggering Article 50 is symptomatic of this conflict of interests.

 

Xinhua

4th August, 2016

BEIJING, Aug. 4 (Xinhua) — Both China and Russia oppose the planned deployment of the U.S. Terminal High Altitude Area Defense (THAAD) system on the Korean Peninsula, which endangers their national security and challenges the region’s strategic balance.

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US fails to drive a wedge between India and its BRICS partners

Posted by seumasach on August 6, 2016

Sputnik

6th August, 2016

Despite the recent US charm offensive against India, New Delhi has resisted the temptation, remaining committed to the BRICS ideal of multi-polarity. India maintains mutually beneficial relations with China, regardless of “brief bumps” in the relationship, geostrategic analyst Matthew Maavak told Sputnik.

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