Restructuring in China paves way for a new global order

In order to rectify the grave side effects of rapid economic growth over the past four decades, China switched the focus of its economic policy to “stabilizing growth, adjusting structure and promoting consumption” in 2011 upon the launch of the country’s 12th five-year national development plan.

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US makes ‘fatal mistake’ driving China and Russia closer: Duowei

There’s more at risk than economic consequences, which is why it’s recommended to read JR Nyquist’s ‘One Clenched Fist‘ article.

 

The United States is making a “fatal mistake” by antagonizing both China and Russia and forcing the two primary opponents closer together, says Duowei News, a US-based Chinese political news website.

Washington turned against Moscow following the start of the Ukraine crisis in February this year, leading the European Union and Japan in imposing heavy sanctions against Russia. The increasing distrust between the two countries has been apparent, with Russian president Vladimir Putin and US president Barack Obama coming into contact for only 20-30 minutes during the Asia-Pacific Economic Cooperation (APEC) leaders summit in Beijing last week, with neither leader having much to say to the other.

America’s relations with China have also been strained. Beijing remains wary of Washington’s “return to Asia” strategy, which Beijing views as a means to control China’s rising power and influence. With the US unable to counter China’s rising economic power, Washington has turned to geopolitical measures, backing Japan and strengthening ties with the Philippines while also trying to entice Vietnam and India — all countries embroiled in territorial disputes with China. Beijing has not backed down, unilaterally announcing an air defense identification zone in the East China Sea that covers islands disputed with Japan last November. Continue reading