In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘Chinese soft power’

Trump opens way for China deal

Posted by seumasach on December 4, 2018

Cailein Bochanan

4th December, 2018

The G20 summit meeting between Trump and Xi has ended on an upbeat with the declaration a  truce  and a 90 day period in which to consolidate a deal. Xinhua has welcomed  what it describes as a consensus in rather glowing terms

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Turkey’s crisis and the dollar’s future

Posted by seumasach on August 27, 2018

Alastair MacLeod

Mises Institute

22nd August, 2018

 

Last week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of the withdrawal of dollar liquidity. There are huge quantities of footloose dollars betting against these weak currencies, as well as commodities and gold, on the basis the long-expected squeeze on dollar liquidity is finally upon us.

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Trump tries to destroy the West

Posted by seumasach on June 11, 2018

“A secret plan to break up the West would also have the United States looking for new allies to replace the discarded ones. The most obvious would be Russia”

The most obvious would be China. Trump wants the factories back home which means in practice Chinese inward investment: China would invest directly into the USA rather than sell directly. This makes sense of Trump’s tariffs which would otherwise just be destructive. It’s true that the USA has a tradition of developing industry behind tariff barriers but that requires investment. At the end of the 19th century that came largely from Britain: now it can only come from China. At the same time, if the peace process with North Korea is successful China will come out in good light facilitating the above process. Trump has turned the world upside down. Can he put it together again?

NYT

10th June, 2018

The alliance between the United States and Western Europe has accomplished great things. It won two world wars in the first half of the 20th century. Then it expanded to include its former enemies and went on to win the Cold War, help spread democracy and build the highest living standards the world has ever known. President Trump is trying to destroy that alliance.

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How Singapore, Astana and St Petersburg preview a new world order

Posted by seumasach on June 6, 2018

Mahbubani states the obvious: “The era of Western domination is coming to an end.” Western elites, he adds, “should lift their sights from their domestic civil wars and focus on the larger global challenges. Instead, they are, in various ways, accelerating their irrelevance and disintegration.”

Pepe Escobar

Asia Times

6th June, 2018

Ahead of the crucial Shanghai Cooperation Organization (SCO) summit in Qingdao this coming weekend, three other recent events have offered clues on how the new world order is coming about.

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China, Germany relate their common interests

Posted by seumasach on May 27, 2018

Frank Sellers

The Duran

German Chancellor Angela Merkel’s visit to Beijing this week gives us some important details about what is moving the cogs of her foreign diplomatic and trade relations agenda. Merkel has several reasons, both politically and economically to make this journey.

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China and India are trying to write a new page of the world economy

Posted by seumasach on May 3, 2018

 

“And then there are those 35,000 kilometers of highways and rail lines India wants to build over the next five years. Some India analysts are apparently wondering how to finance all that at an estimated cost equivalent to 3.4 percent of GDP.

That should be easy because the cost is just a little more than what China takes as a one-year trade surplus with India. So, China can recycle that money back to India to build modern infrastructure that would set the foundation for India’s sustainable, faster and balanced growth.”

Recycling the trade deficit as inward investment is a brilliant idea, a win/win idea and one which can be applied equally to other countries which habitually run a large trade deficit with China, most notably, the USA and the UK.

CNBC

4th April, 2018

Trust is an economic variable sounded like an echo swirling around Wuhan’s East Lake in China as President Xi Jinping was hosting last Friday and Saturday Indian Prime Minister Narendra Modi for an “informal,” “heart-to-heart” summit.

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The myth of a neo-imperial China

Posted by seumasach on March 14, 2018

In 1421 , when Europe was becoming possessed by the imperial idea, China specifically reject that despite it’s global preeminence on the basis of so many factors. This choice is crucial: on the on hand China itself was, as a result, subjected to imperial domination; on the other , it understood possibilities of another kind of internationalism. It’s moment has come!

Pepe Escobar

Asia Times

14th March, 2018

The geopolitical focus of the still young 21st century spans the Indian Ocean from the Persian Gulf all the way to the South China Sea alongside the spectrum from Southwest Asia to Central Asia and China.

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Why Is the GOP Terrified of Tariffs?

Posted by seumasach on March 7, 2018

“The idea is not to keep foreign goods out, but to induce foreign companies to move production here.”,

I also assume that is the idea: otherwise it can only be pure madness. America’s rapid growth towards the end of the 19th century was also the result, not just of tariffs but of inward investment- in that case, from Britain who had decided to outsource the empire after the defeat of the Confederacy in the Civil War. Today, foreign investment provides the key to the reindustrialization of the USA and it is China in particular who can play that role. Prepare to hear Trump ringing out the slogan”The jobs are coming home!”

Patrick J.Buchanan

Buchanan.org

5th March, 2018

From Lincoln to William McKinley to Theodore Roosevelt, and from Warren Harding through Calvin Coolidge, the Republican Party erected the most awesome manufacturing machine the world had ever seen.

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‘Quad’ version of Belt and Road feels like a South China Sea Watch

Posted by seumasach on February 28, 2018

Pepe Escobar

Asia Times

24th February, 2018

The Quad – comprising the United States, Japan, India and Australia – was set up a decade ago, ostensibly as an Asia-centered security cooperation mechanism. Funnily enough, Beijing always suspected it actually represented a containment strategy.

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Australia sees opportunity in China’s rise

Posted by seumasach on February 28, 2018

The Belt and Road Initiative now appears as an unstoppable reality shaping 21st Century politics. The Anglosphere may try to isolate itself from it at great cost to itself but with the failure of Western intervention in the Middle East it cannot stop it. The resurrection of the , allying Australia, Japan, India and the USA, as a counterweight to the BRI looks unconvincing. As US hegemonic aspirations fade the dream lives on in the vacuous rhetoric of a New Cold War and a union of democracies none of which relate to the reality of economic sclerosis, unplayable debt and political division.

M.K.Bhadrakumar

Indian Punchline

27th February, 2018

From an Indian perspective, the visit to the United States by the Australian Prime Minister Malcolm Turnbull and his meeting with President Donald Trump on February 23 turns out to be a reality check on the power dynamic in the Asia-Pacific. Australia is torn between two vital partners – the US in the security sphere and China in the economic sphere. The dilemma is acute insofar as Turnbull has voiced opinions on threat perceptions regarding China, which are contrary to the Trump administration’s assessment and, yet, the US and Australia are key allies.

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Mending fences with China gets started

Posted by seumasach on February 25, 2018

The prospects of Quads, an Asian NATO aimed at countering Chinese influence, may simply dissolve under the sway of Chinese sort power. After all, the BRI actually offers real benefits in terms of India’s development in contrast to the meagre offerings of the fading Hegemony. Furthermore, India has already joined the SCO, a sort of Asian NATO aimed at countering US influence, and cannot for long attempt to ride both horses.

M.K.Bhadrakumar

Indian Punchline

25th February, 2018

Foreign Secretary Vijay Gokhale has hit the road running, as it were. There isn’t going to be a time lag following his predecessor’s permanent retirement from the South Block before the much-needed abandonment of the China policies over the past three years got under way. Those policies were characterized by a muscularity without precedents or a sense of ground realities that brought the two countries almost to the brink of war. In retrospect, they proved fanciful, sterile and even counter-productive –except, perhaps, to create a raison d’etre for the India-US defining partnership in the era of “America First”.

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