China is crushing the U.S. in ‘economic warfare’

It’s China 1, USA 0 when it comes to so-called “economic warfare.”

As China has risen to become the world’s No. 2 economy, it has repeatedly used its business and financial clout to get what it wants on the world stage, say foreign policy experts Robert Blackwill and Jennifer Harris.

When Norway gave Chinese dissident Liu Xiaobo the Nobel Peace Prize in 2010, China dramatically scaled back its salmon purchases from Norway and halted trade talks. When tensions escalated between the Philippines and China over a territorial dispute in the South China Sea, China let Philippine bananas rot in its ports. Continue reading

War by Other Means

MOSCOW/BERLIN (Own report) – Prominent German foreign policymakers are proposing that a “double strategy” be applied in the West’s power struggle with Russia. According to Wolfgang Ischinger, Chairman of the Munich Security Conference, the West should continue to demonstrate a “position of strength.” However, because, at this time, Moscow obviously cannot be subdued by a policy of pure confrontation, a new phase of engaging Russia should be initiated. Talks on EU cooperation with the newly established Eurasian Economic Union could be envisaged. Such a cooperation would return the rivalry “between Russia and the West to the economic field, from that of the military,” according to experts. Last week, Chancellor Angela Merkel had already floated such an option. At the same time, aggression against Russia continues. A US rating agency has just downgraded Russia to “junk level.” Additional measures are in discussion.

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