Posts Tagged ‘China-led globalization’
Posted by seumasach on August 2, 2021
The USA has three choices: to uncouple form China defaulting on its debt; to defeat China militarily; or to do a deal with China. The first two are self-defeating, and so a deal would seem inevitable. But can the USA realistically eat humble pie and join a China-lead multipolar world? That is the question
David Goldman
Asia Times
31st July, 2021
Professor Jin’s warning on Friday at the “Observer” (guancha.cn) website that US inflation might lead to the bankruptcy of the US government will be read carefully in Washington – especially because Jin claims that China can help America out of its economic problems.
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Posted in Global peace process | Tagged: China-led globalization, strategic partnership between US and China | Leave a Comment »
Posted by seumasach on May 4, 2021
Ken Moak
Asia Times
29th April, 2021
“With regard to Chinese “aggression” in the Asia-Pacific, the West and Japan have cherry-picked information to fit the narrative. The People’s Republic of China did not invent its territorial claims, they were inherited from the previous Nationalist government. The claims were supported by the US under the 1946 Cairo Declaration framework, demanding that Japan return all territories it annexed from their historical owners.
Furthermore, China was exempted from the United Nations Convention on the Law of the Sea (UNCLOS), implicitly recognizing the country’s territorial claims within the “nine dash line.””
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Posted in Containing China | Tagged: China's territorial claims, china's economic model, China-led globalization | Leave a Comment »
Posted by seumasach on December 26, 2018
Ken Moak
Asia Times
25th December, 2018
It appears the political and security elites in the United States are preparing for an OK Corral-type showdown with China. On December 1, the US Justice Department asked (some would argue pressured) Canada to arrest Meng Wanzhou, the chief financial officer of Chinese telecommunications giant Huawei, on a provisional warrant. It went on to charge two Chinese government employees with stealing information from firms and governments in 12 countries.
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Posted in Multipolar world | Tagged: China-led globalization | Leave a Comment »
Posted by seumasach on August 14, 2018
In other words, with it’s use of subsidies in accordance with national priorities, its tight control over foreign direct investment and state control over the financial system and capital flows, all of which are in contradiction to the neo-liberal, Washington consensus, China maintains, essentially, a type of socialist system.
Barry Eichengreen
Asia Times
14th August, 2018
US President Donald Trump’s erratic unilateralism represents nothing less than abdication of global economic and political leadership. Trump’s withdrawal from the Paris climate agreement, his rejection of the Iran nuclear deal, his tariff war, and his frequent attacks on allies and embrace of adversaries have rapidly turned the United States into an unreliable partner in upholding the international order.
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Posted in Uncategorized | Tagged: China, China-led globalization, US-China: clash of world systems | Leave a Comment »
Posted by seumasach on December 20, 2017
“Per the first pair, any diminishment of China’s powerful economic influence in Australia – particularly in terms of commodity purchases, investments, real estate deals, and wealthy foreign students – could theoretically be replaced by the US or its allies, though not on the same qualitative level and not without self-inflicted damage to the island nation.”
This is an understatement: Australia is geared to exporting raw materials to the world’s foremost productive economy. The USA cannot replicate China’s role in this respect and, as for US allies, well, who are they? Merely assuming, as the latest national security doctrine does that India and Japan are US allies doesn’t mean that they are US allies. After all, is the UK, the country Trump refuses to visit, a US ally? Clearly, the Australian “security state” is biting back but can it trump Australia’s fundamental interests? Australia’s own little Brexit will likely be as ephemeral as Brexit itself.
Andrew Korybko
Oriental Review
Australia is implementing its own “foreign agents” legislation modelled off of the US’.
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Posted in Containing China, Multipolar world | Tagged: Australia-China relations, China-led globalization, Chinese soft power | Leave a Comment »
Posted by seumasach on December 17, 2017
The British government has wasted no time in informing China of its new relationship with the EU which will“replicate the status quo”. The stage is thus set for UK-China relations to take up where they left off in 2015 before the Brexit vote. The promised 750 million investment by the UK in Asia infrastructure may seem insignificant but it is the thought that counts. China holds hundreds of billions of pounds in UK guilts and can reinvest them in the UK to great mutual advantage: a classic win/win deal.
Kiro7
16th December, 2017
BEIJING (AP) – Britain and China pledged Saturday to promote London as a center for offshore use of Beijing’s currency and cooperate in clean energy research and promoting trade as the United Kingdom prepares to leave the European Union.
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Posted in brexit crisis, Multipolar world | Tagged: China-led globalization, China-UK comprehensive strategic partnership | Leave a Comment »
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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Posted in Multipolar world | Tagged: Australia-China relations, China-led globalization, global governance | Leave a Comment »
Posted by seumasach on December 12, 2017
“Trump’s neo-isolationist and unilateralist inclinations have given China a golden opportunity to enhance its prestige, status, and international leadership.”
South China Morning Post
12th December, 2017
Zhang Baohui says the rapprochement between Beijing and Seoul, after relations were damaged over THAAD, has much to do with a more moderate Chinese foreign policy, inspired in no small part by the erosion of American soft power under an isolationist Donald Trump
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Posted in Uncategorized | Tagged: China-led globalization, China-South Korea relations, decline of US soft power | Leave a Comment »
Posted by seumasach on September 24, 2017
Trump has revealed an impressively destructive approach to the old world order: NATO, TTIP, NAFTA, TPP, the US/UK alliance, the trade deal with South Korea and,in some ways the UN, have all been ditched or weakened under his presidency. What remains to be seen is whether he can be constructive too. This can only mean close cooperation with the world’s leading economy and the USA’s largest creditor, China. All roads lead to Beijing and for Trump this can be win/win, as the Chinese love to say. Trump has also divested himself of Bannon and the nationalist faction which leaves the road open to an America first policy which is not isolationist. America cannot pull itself up by its shoe-strings: rather it must buy into China-led globalization. This is a difficult step for an essentially provincial country and one which, perhaps, cannot be sold until King Dollar starts to fall. It is though of existential importance to the USA.
SCMP
24th September, 2017
Andrew Leung says major issues, from North Korea to trade and maritime rights, will be at stake when Trump visits China. But, above all, it will be an opportunity for the two powers to recalibrate their relationship and define the new world order.
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Posted in Multipolar world | Tagged: China-led globalization, strategic partnership between US and China | Leave a Comment »
Posted by seumasach on July 15, 2017
Pepe Escobar
Asia Times
13th July, 2017
Amid the proverbial doom and gloom pervading all things Syria, the slings and arrows of outrageous fortune sometimes yield, well, good fortune.
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Posted in Syria | Tagged: China-led globalization, New Silk Road, One Belt One Road | Leave a Comment »
Posted by seumasach on May 14, 2017
Pepe Escobar
Asia Times
13th May, 2017
Let’s cut to the chase. China’s new ‘Silk Road’ initiative is the only large-scale, multilateral development project that the 21st century has seen so far.
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Posted in Multipolar world | Tagged: China-led globalization, New Silk Road, One Belt One Road | Leave a Comment »
In These New Times 