In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘Chinese soft power’

The Iran-Russia-China strategic triangle

Posted by seumasach on November 23, 2016

F.William Engdahl

New Eastern Outlook

21st November, 2016

On November 14-15 in Teheran, during a high-level visit of the Chinese Defense Minister, General Chang Wanquan, with Iranian President Hassan Rouhani and Iranian Defense Minister Hossein Dehghan, the two major Eurasian nations signed a deal to enhance military cooperation. The agreement calls for intensification of bilateral military training and closer cooperation on what the Iran sees as regional security issues, with terrorism and Syria at the top of the list. Chief of Staff of the Iranian Armed Forces, Major General Mohammad Hossein Baqeri, said Iran is ready to share with China its experiences in fighting against the terrorist groups in Iraq and Syria. Dehghan added that the agreement represents an “upgrade in long-term military and defense cooperation with China.”

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Leaders pledge to ‘keep our markets open’

Posted by seumasach on November 23, 2016

The world has already undergone a historic shift: China is now leading globalization. This explains the sudden “feeling left behind by globalization” trend in the West. It is also behind the utopian nationalist programs of the Trump and Brexit ilk: a desire to choose past greatness in “splendid isolation” in preference to becoming a mere partner in a multipolar world. In as far as the Anglosphere still talks of globalization it is done under the old “free-trade” label ignoring the fact that it is the international movement of capital which is the key element of globalization. The irony is that it is the US-UK in particular which most needs incoming capital investment and is therefore most likely to benefit from China-led globalization. Hence, the central issue of the moment: will Trump’s economic nationalist rhetoric give way to a more pragmatic approach and, in particular, a partnership with China?

China Daily

22nd November, 2016

Leaders of 21 Asia-Pacific economies ended their annual meeting with a joint pledge to resist protectionism amid signs of increased free-trade skepticism.

The meeting of the Asia Pacific Economic Cooperation organization, which accounts for 57 percent of the world economy, led to a joint statement on Sunday that asked to work toward adoption of the broader Free Trade Area of the Asia-Pacific, a 21-economy pact that is favored by China.

“We reaffirm our commitment to keep our markets open and to fight against all forms of protectionism,” the leaders of the APEC economies said in the joint statement.

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The Eurasian century is now unstoppable

Posted by seumasach on October 6, 2016

F.William Engdahl

New Eastern Outlook

4th October, 2016

I recently returned from a fascinating two week speaking tour in China. The occasion was the international premier of my newest book, One Belt, One Road–China and the New Eurasian Century. In the course of my visit I was invited by China’s Northwest University in Xi’an to give a lecture and seminar on the present global political and economic situation in the context of China’s New Economic Silk Road as the One Belt, One Road project is often called. What I’ve seen in my many visits to China, and have studied about the entirety of this enormously impressive international infrastructure project convinces me that a Eurasian Century at this point is unstoppable.

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China ups the game in the South China Sea

Posted by seumasach on September 14, 2016

Pepe Escobar

Sputnik

12th September, 2016

The Joint Sea-2016 started this Monday; that’s the fifth annual China-Russia naval drill, featuring stalwarts from both navies in action at the eastern waters of Zhanjiang, in Guangdong province, the HQ of the People’s Liberation Army (PLA) Navy Nanhai Fleet.

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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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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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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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