While you were busy watching fireworks on the Fourth of July holiday, or were perhaps distracted by the World Cup events in Brazil, China just pulled South Korea into its sphere of influence. This is but one piece of a bigger predicted picture (See also here) by Global Geopolitics where China will be a regional power leading an Asian bloc of nations under its protectorate — with the US out of Asia.
China designated a clearing bank in Seoul for yuan transactions in South Korea on Friday, coinciding with a visit by President Xi Jinping, as Beijing promotes greater use of its currency overseas, AFP reports. Continue reading
Global Geopolitics 