This week, South Africa is hosting the 10th annual gathering of BRICS (Brazil, Russia, India, China, and South Africa). When the first BRIC summit was held in 2009 (South Africa was added in 2010), the world was in the throes of a financial crisis of the developed world’s making, and the increasingly dynamic BRIC bloc represented the future. By coming together, these countries had the potential to provide a geopolitical counterweight to the West.
But Western commentators have long underestimated that potential, forcing BRICS to demand greater representation in global-governance institutions. In 2011 and 2012, BRICS challenged the process of selecting leaders at the International Monetary Fund and the World Bank. But, lacking a united front behind them, a European (Christine Lagarde) and an American (Jim Yong Kim) continued to preside over those organizations. And though BRICS did get these institutions to reform their voting structures to give developing countries greater weight, the US and Europe still wield disproportionate power. Continue reading
- Xi adds Arctic, Latin America to Belt and Road Initiative
- Latest expansion leaves out only Canada, Japan and U.S.
With the addition of the Arctic and Latin America last week, Chinese President Xi Jinping’s signature Belt and Road Initiative has become truly global. Only the U.S., its neighbor Canada and ally Japan have yet to be included in the plan, which seeks to build or upgrade a network of highways, railways, ports and pipelines. Continue reading
The 19th National Congress of the Communist Party of China, CCP, will be held in the fall of 2017. The exact date has not yet been announced, but late October is a reasonable estimate. This will be the most important CCP meeting since the death of Mao Zedong and the rise of Deng Xiaoping in the late 1970s.
Communist societies such as China have a dual or parallel government structure. On one side is a normal government with a president, vice premier, cabinet ministers and other subordinate posts. On the other side is the CCP leadership consisting of a General Secretary, Politburo Standing Committee, Politburo, and Central Committee.
The seven-member Politburo Standing Committee runs the CCP. The General Secretary is the single most powerful person in the leadership. The conventional government is controlled by the CCP, which holds the real power.
The United States is fractured and permanently scarred with very little diplomatic room to maneuver, and as the article states, doesn’t even know it. We’re looking at a new world shaping up within the next 10 years… a new world without the United States having a voice in its affairs. This is an unprecedented new chapter in world history that the old order doesn’t recover from. If you’re an American, get used to second or third-rate living standards and all the problems that come with it.
To add clarification: President Trump has a great chance in saving America from ruin, and let’s hope he will. Where he has almost zero chance is in saving it’s standing in the world. An alternative world structure has already been built and members are being filtered in. The ‘on button’ is waiting to be pushed. All that needs to happen is an event, such as global economic collapse, that sets America back and simultaneously provides the new world structure a window of opportunity to spring into first place.
While vaudevillian comedy-like shouting matches broke out in the West Wing of the White House between President Donald Trump and his senior advisers and between the White House press secretary and various presidential aides, world leaders gathered in Beijing to discuss the creation of modern-day land and maritime «silk roads» to improve the economic conditions of nations around the world. Nothing more could have illustrated the massive divide between the concerns of many of the nations of the world and those of the United States, which is rapidly descending into second-rate power status, along with its NATO allies Britain, France, and Germany. Continue reading
Abe government may reconsider membership in China-led investment bank
TOKYO — Japan could reopen talks on whether to join the China-led Asian Infrastructure Investment Bank, a senior lawmaker signaled Tuesday after meeting with Chinese President Xi Jinping to discuss improving bilateral ties.
Toshihiro Nikai, secretary-general of Japan’s ruling Liberal Democratic Party, did not discuss the matter with Xi directly during the pair’s 17-minute talk in Beijing on Tuesday, which was concerned mainly with the possibility of Chinese leaders including Xi visiting Japan and Prime Minister Shinzo Abe visiting China. But Nikai told a news conference afterward that he would discuss the matter thoroughly with Abe when he returns home. Continue reading
China has rapidly climbed the ranks to become the world’s second-largest economy. Now, the most populous nation on the planet wants to increase its influence by digging further into its pockets — flush with cash after decades of rapid growth — to splash out with its “One Belt, One Road” policy.
The initiative is meant to connect Asia, Europe, the Middle East and Africa to bolster trade and development. This weekend, hordes of foreign diplomats and business leaders are expected to descend on Beijing for a two-day meeting about the policy.
Here’s what you need to know:
What is “One Belt, One Road?” Continue reading
Not only is this an economic union forming, but also the next world war axis under construction. It is a Sino-Soviet military counterweight to the global Western hegemony.
The meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organization (SCO) member states wrapped up in Astana on April 21. The participants confirmed the unanimous decision to grant full-fledged membership to India and Pakistan at the SCO Astana summit on June 8-9, 2017.
The SCO was established in 2001 as a multi-purpose regional organization active in three main fields: economic, military-political and humanitarian. The SCO members now are Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Afghanistan, Pakistan, India, Iran, Mongolia and Belarus are the SCO observer-countries, while Azerbaijan, Turkey, Sri Lanka, Armenia, Cambodia and Nepal are dialogue partners. Although Russia and China are the most important SCO members, the organization operates by consensus. Continue reading
Jin Liqun says some of Trump’s advisers think Washington was wrong to oppose the new regional lender
The United States might reverse course and partner with the China-backed Asian Infrastructure Investment Bank after Donald Trump’s inauguration as US president, the head of the lender signalled on Monday.
AIIB chief Jin Liqun said he understood some Trump advisers thought the US was wrong not to join the new regional lender, Communist Party mouthpiece People’s Daily reported on Monday. Continue reading
The China-backed Asian Infrastructure Investment Bank (AIIB) is “on track” to meet its big first-year targets, including lending US$1.2 billion by the end of 2016, bank president Jin Liqun said on Friday.
After bringing many US allies on board and a high-profile launch in January, the multilateral lender moved onto the business of raising funds, gaining expertise, and recruiting experienced executives.
The bank, part of Beijing’s push to expand its regional clout, has lent US$829 million to six projects in Pakistan, Tajikistan, Indonesia and Bangladesh. Continue reading
BEIJING: Canada will apply to join the China-backed Asian Infrastructure Investment Bank, or AIIB, Canadian and bank officials said on Wednesday, making it the latest ally of the United States to join the new international development bank.
The multilateral institution, seen as a rival to the Western-dominated World Bank and Asian Development Bank, was initially opposed by the United States but attracted many U.S. allies including Britain, Germany, Australia and South Korea as founding members. Continue reading
And Germany will do it. When push comes to shove, it has historically sided with Russia and other axis powers. China should be no exception. In a time when America is suiciding itself off the world stage, it’s a matter of survival for its allies as they seek more stable and consistent alliances.
Satellite imagery shows China taking over the South China Sea, as it is with other trade routes globally. Both history and biblical prophecy show why this is extremely dangerous.
Tensions are rising between China and America.
Ever since Xi Jinping took over as general secretary of the Communist Party of China, his administration has been militarizing the South China Sea and working to push the United States out of East Asia. In two island chains, the Paracels and the Spratlys, China is building a series of man-made islands, 800 miles from China’s shore. These islands are being installed with antiaircraft batteries and fighter jets are stationed on them.
The Spratly Islands are claimed by the Philippines, Malaysia, Taiwan and Vietnam. China is ignoring these nations’ territorial claims. China is being aggressive and provocative.
These militarized islands now function as forward bases for Beijing to challenge seven decades of American naval dominance in the Pacific Rim. This should alarm the world! Continue reading
EDB Chairman Dmitry Pankin said that Eurasian Development Bank and the Asian Infrastructure Investment Bank (AIIB) have been in discussions over financing a joint project linking China with Europe via a motorway across Russia.
MOSCOW (Sputnik) – The Eurasian Development Bank (EDB) and the Asian Infrastructure Investment Bank (AIIB) have been in discussions over financing a joint project linking China with Europe via a motorway across Russia, EDB Chairman Dmitry Pankin said on Wednesday. Continue reading
Lessons from 2015, for today:
The world is entering a new economic era—one that won’t be defined by America.
This past March marked a radical turning point for the global economy, particularly the United States’ economic dominance.
China proposed the launch of the Asian Infrastructure Investment Bank (aiib)—a new, Chinese-run international bank specifically designed to challenge U.S. global economic leadership. America tried to convince other nations not to agree to join. But it failed—even with its closest allies.
For the U.S., it was an unmitigated disaster.
BEIJING–Chinese President Xi Jinping launched a new international development bank seen as a rival to the U.S.-led World Bank at a lavish ceremony on Jan. 16, as Beijing seeks to change the unwritten rules of global development finance.
Despite opposition from Washington, U.S. allies including Australia, Britain, German, Italy, the Philippines and South Korea have agreed to join the Asian Infrastructure Investment Bank (AIIB) in recognition of China’s growing economic clout.