We often use big, overarching ideas to help us understand the world and the opportunities contained within. These narratives, which can change over time, are used to create context. They give us a frame of reference for comprehending the news and events that affect our outlook on things. Image courtesy of: Connectography. The United States is the number one trading partner for 56 countries, with important relationships throughout North America, South America, and Western Europe. Meanwhile, China is the top partner for countries, dominating trade in Asia, Eastern Europe, Africa, and Australia.
Xi is so convinced he will succeed in this quest that he has blatantly flouted a cardinal rule for political survival: Never state a target objective and a specific date in the same sentence. If China reaches the first goal— which it is on course to do—the IMF estimates that its economy will be 40 percent larger than that of the U. If China meets the second target by , its economy will be triple America's. It is not possible to pretend that this is just another big player. This is the biggest player in the history of the world. Many politicians and officials in Washington still pretend that China is just another big player.
Here is what’s holding back China’s plans for world domination
The nerds have the numbers on precious metals investments on the ASX. Think it has been debunked? See here. But the Chinese coal boom is turning. David Archibald describes the geopolitical ramifications.
So, too, are the nature of Chinese Communist Party CCP efforts to popularize its authoritarian model and undermine developing democracies around the world, whether intentionally or indirectly. Indeed, as others note in this series, it is tempting to ascribe the aggressive turn in Chinese foreign policy entirely to Xi, who has brought China closer to one-man rule than it has been in decades. Xi has centralized power across all policy domains, including foreign affairs. First, Beijing wants to mitigate mounting economic challenges and slowing growth in China through overseas investment and the creation of markets abroad for Chinese goods and materials. Chinese leaders are therefore looking to further boost overseas investment and trade, which have been growing for years but have been partially rebranded under the BRI.