2 thoughts on “Kim Iversen: China & Russia Declare A New World Order In Released Joint Statement Last Month”
China has spent the last 50 years working to ensure their economic independence. Their domestic market alone offers as much potential as US and EU combined.
With the unexpected intensity of US sanctions against Russia, they now lock in preferential and discounted access to Russian natural resources, as the West gifts away it’s quite advantageous commercial relationships with Russia.
China gets two bonus prizes. First, the market of high-end industrial infrastructure associated with processing of the same materials, which has been dominated by EU based multinational firms – vital market share to kick-start Chinese rivals to the same EU firms, competing for up-and-coming industrial projects in the developing world.
Second, with Russia economically dependent on China for the next decade probably, this also completely secures Chinese relationships with majority of Central Asia – i.e. the “BRI”. Iran and Pakistan serving as the sturdy geopolitically anchors, forming a robust quadrangle around Central Asia.
Into this treasure of energy, natural resources, undeveloped markets and labor-pool, the Chinese consumer-goods industry can expand — addressing one of the points made by a panelist in the video posted above. Chinese have demonstrated ability to regularly scale up mega-projects on timelines and cost-efficiencies unimagineable in western industry. “But at what cost”, some may ask? Lenders and borrowers operating in the capitalist paradigm probably won’t ask this. They will ask whether the markets and resources for continuing growth might become exhausted. For the next decade at least, the answer is no.
India remains a wildcard, perhaps Brazil. India and Brazil joining in would reduce the G7 to second place right away. One imagines this would be resisted.
I thought Iverson’s coverage was balanced – that Grimm and his colleague condescendingly dismiss the statement reveals how we got here in the first place (i.e., 14 years since the Bucharest Summit when efforts formally started to expand NATO into Ukraine)….Russia is not floundering in Ukraine and has the conventional capacity to enforce its western borders and the strategic capacity to assume, along with China (+) leadership in a multi-polar world order.
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Analysis & Book Reviews on U.S. Foreign Policy and Russia
China has spent the last 50 years working to ensure their economic independence. Their domestic market alone offers as much potential as US and EU combined.
With the unexpected intensity of US sanctions against Russia, they now lock in preferential and discounted access to Russian natural resources, as the West gifts away it’s quite advantageous commercial relationships with Russia.
China gets two bonus prizes. First, the market of high-end industrial infrastructure associated with processing of the same materials, which has been dominated by EU based multinational firms – vital market share to kick-start Chinese rivals to the same EU firms, competing for up-and-coming industrial projects in the developing world.
Second, with Russia economically dependent on China for the next decade probably, this also completely secures Chinese relationships with majority of Central Asia – i.e. the “BRI”. Iran and Pakistan serving as the sturdy geopolitically anchors, forming a robust quadrangle around Central Asia.
Into this treasure of energy, natural resources, undeveloped markets and labor-pool, the Chinese consumer-goods industry can expand — addressing one of the points made by a panelist in the video posted above. Chinese have demonstrated ability to regularly scale up mega-projects on timelines and cost-efficiencies unimagineable in western industry. “But at what cost”, some may ask? Lenders and borrowers operating in the capitalist paradigm probably won’t ask this. They will ask whether the markets and resources for continuing growth might become exhausted. For the next decade at least, the answer is no.
India remains a wildcard, perhaps Brazil. India and Brazil joining in would reduce the G7 to second place right away. One imagines this would be resisted.
I thought Iverson’s coverage was balanced – that Grimm and his colleague condescendingly dismiss the statement reveals how we got here in the first place (i.e., 14 years since the Bucharest Summit when efforts formally started to expand NATO into Ukraine)….Russia is not floundering in Ukraine and has the conventional capacity to enforce its western borders and the strategic capacity to assume, along with China (+) leadership in a multi-polar world order.