China, Poverty and the Global Economic System
In today’s world, it takes great political courage to make the right choice and follow the Chinese model.
In today’s world, it takes great political courage to make the right choice and follow the Chinese model.
‘Debt trap’ accusation against China is a deliberate attempt to undermine the BRI. Loans from China are used to build infrastructure projects that boost productivity and increase repayment capacity, whereas loans from the West are normally used to cover trade and fiscal deficits at high-interest rates.
The desire to be a good policeman and to spread democracy around the world has had disastrous consequences for America’s global image and more ominously for the countries that have been destabilized because of the war machine.
The irreversible trend of globalization continues to flourish despite the current geopolitical twists and turns. People’s call for a better life can only be met through cooperation instead of isolation and confrontation.
The U.S. political system is the result of the meticulous efforts of countless participants for more than 240 years, but it may very well take just one generation to cause its downfall.
As the U.S. launches one initiative after another, its promises of development and peace remain unfulfilled. Why? It’s not that it can’t. It’s just that it won’t.
President Biden has chosen to keep the tariffs in place, a decision that continues to increase prices, stifle trade and further strain relations between the U.S. and China.
If a mechanism for high-level dialogue and coordination can be established, EU could act as a mediator between China and the U.S., rather than completely siding with the U.S., thus maintaining its relative independence.
The Biden administration needs to review its policy of confrontation with China in the interest of its relationship with ASEAN countries because if it continues along this path, all parties involved will suffer.
This is a basic question of China’s security and sovereignty. It’s vital for the Chinese Government to insist on doing whatever is necessary to ensure ‘Taiwan independence’ is not achieved.
The West, after trapping many countries including itself in debts, wants to smear China and the Belt and Road Initiative (BRI) by using the narrative of ‘debt trap’.
African leaders no longer have any appetite for lectures on democratic and human rights ideals that the U.S. itself has consistently failed to live by.