The Chinese Communist Party (CCP) has always said the country will never copy the political systems of other countries, in particular the Western notion of democracy. But under Xi—the most powerful Chinese leader in four decades—China’s own one-party system is one that is ready to be exported to regimes everywhere. Throwing down the gauntlet at the feet of the international liberal order. When asked whether China is deviating from its self-avowed policy of noninterference in other...
Read More »Andreas Dombret — A stairway to heaven? The promises and limits of global integration
The speech is not short but it is important considering this is the Bundesbank.The conclusion at least is a must read. 7. Conclusion Ladies and gentlemen I was born in the United States, grew up in Germany, and spent much of my life working around the world, including London. Personally, the backlash against the integration of our global community has shattered my core beliefs and worries me deeply. But I accept that global economic integration has gone too far. Theoretically, it may be...
Read More »Mohamed A. El-Erian — Risks of a new economic non-order as nations turn inward
Western leaders have still not gotten the message that the post-WWII unipolar order dominated by the West is now winding down and is coming to an end, possibly an ignominious one resulting in war. The resulting interim order not necessarily a "non-order," but rather a rising multi-polar one. Western elite thinking broadcast by propaganda is that someone must be dominant; if it is not the West under the leadership of the US it will be some other country, meaning China.Asia TimesRisks...
Read More »China’s Xi says BRICS must promote open world economy
The BRICS group of emerging economies must promote trade liberalization and an open world economy, Chinese President Xi Jinping said at a business meeting on Sunday at the start of a three-day summit being held in southeastern China.The heads of state from Brazil, Russia, India, China and South Africa will gather in the city of Xiamen through Tuesday, giving China as host its latest chance to position itself as a bulwark of globalization in the face of U.S. President Donald Trump’s “America...
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