China sabotiert die Welt, die seinen Aufstieg ermöglicht: Pekings riskante Wette gegen den Westen
https://www.foreignaffairs.com/china/china-sabotaging-world-enables-its-rise
China sabotiert die Welt, die seinen Aufstieg ermöglicht: Pekings riskante Wette gegen den Westen
https://www.foreignaffairs.com/china/china-sabotaging-world-enables-its-rise
11 Kommentare
Which ‚west‘. As things are currently there is no real ‚west‘ as the EU and USA are pretty much at odds with each other.
while of course china does need to fix their domestic demand i find it odd that analysts feign surprise that china needs to dump lots of exports to usa consumption.
> a Beijing-based economist, has long argued that suppressed consumption and excess domestic savings have forced China to export both goods and capital, requiring other economies—historically, above all, the United States—to absorb Chinese surpluses through trade deficits and capital inflows.
of course it would need to. as long as us dollars has it’s exorbitant privilege than china would need to export lots to us consumption. even if china fixed it’s domestic consumption as long as us wants it s dominant us dollar then its consumption is going to remain high.
I think this is an interesting piece. It’s pretty clearly true that China benefited from a system it didn’t build or secure but that’s also true for a lot of states. It’s also true that Chinas model depends heavily on exports and I think it’s likely other countries will become more protectionist over time making that model harder to sustain.
Where I think the author overplays his hand is assuming China can’t carve out its own sphere of influence. No I don’t see China building a global system on the scale America did anytime soon but I also doubt it’ll just flail around.
What I find even more interesting is how Chinas image changes once it’s no longer “punching up” per se. What happens when China has to guarantee trade routes, maintain a blue water navy, provide security for partners and openly protect overseas interests? How does that change the way it’s perceived? How much coercion becomes necessary? The luxury of criticizing the existing order is very different from bearing responsibility for one.
There is only one country sabotaging the world right now, and it’s not China.
I mean – the West literally rose through colonisation and plundering the rest of the world, which enabled its rise.
What a weird narrative.
Let’s be real! the U.S. and Europe didn’t create the global open market out of the goodness of their hearts. They built it because it served their interests. When Japan and South Korea used heavy state backing, protected their home markets, and flooded the West with exports in the 70s and 80s, Western nations grumbled but ultimately adjusted. But now that China is playing the exact same playbook at a massive scale, the West is treating it like an existential crisis.
What is it doing differently than the USA did after WWII
Or the west has done to Africa / Americas etc
The dominate power looks after itself – in the beginning it sweetens the deal by bringing along other countries – but in the end china will look like the USA
China embodies Frederich List’s economic ideas to a T. Cannot blame China for doing what it did, Free Trade only benefits highly industrialized incumbent players. You can only blame the rest of the world for not recognizing what China was doing sooner and acting on it. It will forcibly deindustrialize everyone.
A lot of words to say „free trade is bad“, after decades saying free trade is best.
Western media is really something.
America is collapsing.China is doing just fine.
No, US do much more damage to the old world order than China, they just give Iran the chance to prove they own the Strait of Hormuz. That opens a dangerous precedent for the freedom of navigation.
The truth is China is getting too good at the old world order and became a threat to US hegemony, so Trump put tariffs to kick China out of free trade.
In 1938, British go to war with Qing dynasty to sell Opium to China. From that time to the end of Obama term, I remember west be the main promoter of free trade.
End with biden’s word, you can’t love the free trade/world order only when you win. And blame China for sabotaging the world order when China wins.