Monday, October 28, 2019

China Adjusts to the New World Order — Andrew Sheng and Xiao Geng

Recognizing that global engagement is in its interests, China's leaders have been working to counter the backlash against globalization and have reconfirmed their commitment to continued reform and opening up. But China does not need the world nearly as desperately as US President Donald Trump and his advisers seem to believe.
Project Syndicate
China Adjusts to the New World Order
Andrew Sheng, Distinguished Fellow of the Asia Global Institute at the University of Hong Kong and a member of the UNEP Advisory Council on Sustainable Finance, former chairman of the Hong Kong Securities and Futures Commission, and currently adjunct professor at Tsinghua University in Beijing; and Xiao Geng, President of the Hong Kong Institution for International Finance, and professor and Director of the Research Institute of Maritime Silk-Road at Peking University HSBC Business School

1 comment:

Peter Pan said...

China is part of the world economic order, while the US is rebelling against it.
With Trump as president, proponents of "economic nationalism" (isolationism) have usurped proponents of globalism. With the demise of Trump, will globalism reassert its dominance in US politics?

BRICs and developing countries are amenable to globalism, as they see it as being in their best interests. Not so, for a growing segment of the population in the US.

Geopolitically, the US hasn't changed, despite Trump's rhetoric. That is where an adjustment to the NWO is overdue.