In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘China-led globalization’

Working with China is more beneficial than fighting it

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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Globalization with Chinese characteristics

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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Australia is implementing its own “foreign agents” legislation modelled off of the US’.

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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China, UK pledge co-operation as UK leaves EU

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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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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How Trump’s America helped China and South Korea become friends again

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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How US President Donald Trump’s visit to China can make both nations great again

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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The New Silk Road will go through Syria

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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China widens its Silk Road to the world

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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EU preparing early China summit in message to Trump

Posted by seumasach on February 20, 2017

Nation

16th February, 2017

The European Union is preparing an early summit with China in April or May in Brussels to promote free trade and international cooperation in the face of a more protectionist and inward-looking Washington, three EU officials said.

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Germany urges EU to speed trade deals after Trump, Brexit

Posted by seumasach on January 28, 2017

Reuters

27th January, 2017

Germany called on the European Union on Friday to speed deals to open trade with a dozen or more countries, mainly in Asia, and to boost support for free trade around the world in response to scepticism about it from new U.S. President Donald Trump.

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