China

De-Dollarisation Clashes With India-China Border Dispute

May 27, 2023 Saheli Chowdhury, Orinoco Tribune. Educate! BRICS, China, De-dollarization, India, Russia, US Dollar, Yuan

The global de-dollarisation trend is not totally a bed of roses, or at least there are thorns in the roses that have to be taken into account. While de-dollarisation seems to be an irreversible trend on the global scale, at regional levels it is running into bilateral or regional political tensions. In this regard, one of the most prominent cases is in Asia: the India-China border dispute. In April 2023, the Chinese national currency, yuan, ranked third in international trade settlements made through the US-dominated SWIFT system. According to data from the system itself, yuan’s share in April was “record high,” although that share was only 4.72%, after euro’s 6.54%.

Argentina Adopting US Dollar To Fight Inflation Would Be ‘Insane’

May 26, 2023 Ben Norton, Geopolitical Economy. Educate! Argentina, Brazil, China, De-dollarization, Finance and the Economy, IMF, Latin America, Neocolonialism, US Dollar

The South American nation sometimes suffers from a current account deficit, and relies heavily on imports of oil, technology, and medical equipment. Low revenue from its mostly agricultural exports means that Argentina faces a chronic shortage of foreign currency – and most of the dollars it gets end up flowing out of the country to paying interest on the unsustainable external debt, draining the country’s foreign-exchange reserves and making it difficult to stabilize the national currency, the peso. National elections are approaching in October, and among the presidential hopefuls is far-right politician Javier Milei.

The Global South Is Trying To Fix The United Nations

May 22, 2023 Ramzy Baroud, MintPress News. Educate! China, Global South, India, UN Security Council

In anticipation of next month’s United Nations Security Council talks on reforming the inherently archaic and dysfunctional political body, China’s foreign policy chief, Yang Yi, stated his country’s demands. “The reform of the Security Council should uphold fairness and justice, increase the representation and voice of developing countries, allowing more small and medium-sized countries to have more opportunities to participate in the decision-making of the Council,” Wang Yi said in a statement on April 29. More specifically, the new UNSC must “redress historical injustices against Africa”.

G7’s Coercion Claim Against China Slammed As ‘Absurd’

May 19, 2023 Chen Weihua, Friends of Socialist China. Educate! China, Debt, G7, Global South, New Cold War

The United States and its Western allies have been the major perpetrators of economic coercion that have inflicted suffering on millions of people around the world, according to international experts and scholars. G7 leaders meeting in Hiroshima, Japan, from Friday to Sunday are set to issue a statement that includes their concerns about alleged economic coercion by China, Reuters reported, citing unnamed US officials. “The report that the G7 may call out China’s economic coercion is hypocritical given that the US is by far the world’s biggest deployer of unilateral coercive measures,” said Jeffrey Sachs, a Columbia University economist who served as a special adviser to the UN secretary-general from 2001 to 2018.

China’s Report On US Cyber Attacks Only Scratches Surface Of Washington’s Impunity

May 13, 2023 Danny Haiphong, Black Agenda Report. Educate! China, Cyber Warfare, Espionage, Washington DC

U.S. political leaders and media analysts often hype "threats" from abroad in order to justify an increasingly aggressive foreign policy. China is now considered a top "threat" from significant elements of the U.S. political establishment and is regularly accused of conducting cyber espionage and other forms of snooping. Often, these accusations reflect the actual policies carried out by the U.S. government regardless of which political party holds majority power. On May 4, China's National Computer Virus Emergency Response Center (NCVERC) and internet security company 360 offered verifiable proof of this in a joint report detailing the cyber weapons used by the U.S.' Central Intelligence Agency (CIA) on other countries.

China Is Governed In The Interests Of Working People

May 13, 2023 Global Times, Friends of Socialist China. Educate! Capitalism, China, Socialism, Wars and Militarism

In this interview with Global Times, Sara Flounders – a contributing editor to Workers World and a member of our advisory group – shares her analysis of the escalating New Cold War and the US’s global hegemonic project. Comparing the West’s approach of war, sanctions, coercion and destabilisation with China’s vision of a human community with a shared future, Sara observes: "The very concept of shared future and cooperation has a profound impact. It’s not threatening to other countries, and it has the win-win idea, meaning if your economy is growing and our economy is growing, that’s better for both of us. That’s the basis of building further and deeper trust." Sara points out that the differing approaches to international and domestic politics taken by the US and China can ultimately be explained by their differing social systems.

Bold Gambits On The West Asian Chessboard

May 12, 2023 Pepe Escobar, The Cradle. Educate! China, Iran, NATO, Russia, Saudi Arabia, Syria, Türkiye

West Asia is a region that is currently experiencing a great deal of geopolitical activity. Recent diplomatic efforts, initiated by Russia and overseen by China, secured a long-elusive Iranian and Saudi Arabian rapprochement, while Syria’s return to the Arab League has been welcomed with great fanfare. The diplomatic flurry signals a shift away from the Imperial “Divide and Rule” tactics that have been used for decades to create national, tribal, and sectarian rifts throughout this strategic region. The proxy war in Syria, backed by the Empire and its terror outfits – including the occupation of resource-rich territories and mass theft of Syrian oil – continues to rage on despite Damascus having gained the upper hand.

Europe’s Fate

May 3, 2023 Patrick Lawrence, Consortium News. Educate! China, Democracy, European Union (EU), Multipolar World, NATO, Western Asia

If Emmanuel Macron got one thing done above all others during his recent summit with Chinese President Xi Jinping in Beijing, it was to put the question of Europe’s place in the global order before a lot of people who would rather not think about it. The French president, as is his habit, once again questioned Europe’s status in the Atlantic alliance, notably in his now-famous protest that Europeans cannot allow themselves to be “vassals” of the United States. “Strategic autonomy” must be the Continent’s aspiration, Macron asserted for the umpteenth time. Suddenly, the future of the Continent is squarely on the table.

US Makes Up 40% Of Global Military Spending, 10x Russia, 3x China

May 3, 2023 Ben Norton, Geopolitical Economy. Resistance Report China, Joe Biden, NATO, Pentagon Budget, Russia, Wars and Militarism

The US military spent $877 billion, 10 times more than Russia ($86.4 billion), and three times more than China ($292 billion). US military expenditure in 2022 was bigger than the next 10 largest spenders combined. This means the Pentagon spent more than China, Russia, India, Saudi Arabia, Britain, Germany, France, South Korea, Japan, and Ukraine combined. This is according to data published this April by the Sweden-based Stockholm International Peace Research Institute (SIPRI). SIPRI calculated that the planet’s total military expenditure was $2.24 trillion in 2022. The United States, at $877 billion, thus made up 39.2% of total global military spending.

Key Nations Don’t Want To Follow The US On Russia, China Policies

May 2, 2023 Dave DeCamp, Antiwar.com. Educate! China, Multipolar World, Russia, US Imperialism

Leaked intelligence documents show that key nations, including some of the most populous in the world, don’t want to follow along with President Biden’s policies toward Russia and China, The Washington Post reported Saturday. The report cited intelligence assessments allegedly leaked by Jack Teixeira that show the private thinking of several major countries, including India, Brazil, Pakistan, and Egypt. While the US and India have increased military ties in recent years to cooperate against China, New Delhi has maintained a good relationship with Russia and has become a major buyer of Russian oil.

Chris Hedges: The Enemy From Within

May 1, 2023 Chris Hedges, Scheer Post. Educate! China, Pentagon Budget, Statocracy, US Imperialism, Wars and Militarism

America is a stratocracy, a form of government dominated by the military. It is axiomatic among the two ruling parties that there must be a constant preparation for war. The war machine’s massive budgets are sacrosanct. Its billions of dollars in waste and fraud are ignored. Its military fiascos in Southeast Asia, Central Asia and the Middle East have disappeared into the vast cavern of historical amnesia. This amnesia, which means there is never accountability, licenses the war machine to economically disembowel the country and drive the Empire into one self-defeating conflict after another. The militarists win every election. They cannot lose. It is impossible to vote against them. T

Europe Pays More For Banned Russian Oil, Resold By India

May 1, 2023 Ben Norton, Geopolitical Economy. Resistance Report China, Europe, European Union (EU), India, Inflation, Oil and Gas, Russia, Sanctions, US Imperialism, Wages, Wars and Militarism

The European Union heavily sanctioned Russia and pledged to boycott its oil, yet continues to buy it, and at an even higher price, albeit indirectly. India is importing record levels of discounted Russian crude, purchasing it in currencies other than the dollar. India then refines the Russian oil and exports fuel to Europe at a profit. Meanwhile, increasing energy costs in Europe have stoked inflation, causing workers’ wages to significantly decline. The real wages of workers in the Eurozone fell by 6.5% between 2020 and 2022. As of April, Bloomberg reported, European imports of refined fuel from India are approaching 360,000 barrels per day.

Chinese Readout Of Xi-Zelensky Phone Conversation

April 29, 2023 Zichen Wang, Orinoco Tribune. Educate! China, Ukraine, Volodymyr Zelensky, Xi Jinping

China and Ukraine have just said that Xi Jinping and Volodymyr Zelenskyy talked over the phone. Below is our English translation of the Chinese official readout reported by China Central Television. In the afternoon of April 26, President Xi Jinping spoke by phone with President Zelensky of Ukraine by appointment. The two sides exchanged views on China-Ukraine relations and the crisis in Ukraine. Xi noted that China-Ukraine relations have gone through 31 years of development and reached the level of strategic partnership, which has provided a boost to the development and revitalization of each country.

You Are Reading This Thanks To Semiconductors

April 28, 2023 Vijay Prashad, Tricontinental: Institute For Social Research. Educate! China, New Cold War, Semiconductors, Taiwan

On 7 October 2022, the United States government implemented export controls in an effort to hinder the development of China’s semiconductor industry. An expert on the subject told the Financial Times, ‘The whole point of the policy is to kneecap China’s AI [Artificial Intelligence] and HPC [High Performance Computing] efforts’. The next day, China’s Foreign Ministry spokesperson Mao Ning said: In order to maintain its sci-tech hegemony, the US has been abusing export control measures to wantonly block and hobble Chinese enterprises. Such practice runs counter to the principle of fair competition and international trade rules. It will not only harm Chinese companies’ legitimate rights and interests but also hurt the interests of US companies.

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