The Chinese leader has flown out to South Africa for the summit but asked his commerce minister to read out his remarks.
In a thinly-veiled swipe at the United States, Mr Wang said “some country, obsessed with maintaining its hegemony, has gone out of its way to cripple the emerging markets and developing countries”.
“Whoever is developing fast becomes its target of containment. Whoever is catching up, becomes its target of obstructions.”
The remarks are another development in the growing friction between the US and China - with Mr Xi having earlier blamed the West for the difficulties faced by his country’s economy.
Mr Wang said “some country, obsessed with maintaining its hegemony, has gone out of its way to cripple the emerging markets and developing countries”.
China is #2 in global GDP not far behind the USA. China clings to the “emerging markets” or “developing countries” labels for itself to in gain critical benefits of unequal trade imbalances and lack of regulation. It’s currency is now being used by a handful of countries instead of the USD/EURO. I’m not sure it can claim “emerging markets” or “developing countries” labels itself anymore.
Additionally, I’m not sure how China would have reached this position without a specific effort by the United States to engage in increased trade with them.
We said we would trade more in the hopes of an improving human rights situation and steps toward democratic self-rule.
We didn’t get what we were promised. Stop whining, Xi.
You thought we were trading with China for the human rights instead of for the cheap labor?
The US is basically Willy Wonka mumbling “Stop. Don’t.” When it comes to human rights in China. Just the minimum effort to maintain the illusion of caring.
It’s always the west’s fault, ever notice that? Man we just ruin everything…
You don’t buy enough of low quality plastic shit which cripples their economy that’s based on producing low quality plastic shit.
Thats rich, coming from China lmao
Has he tried blaming himself? Dictatorships are not successful as we’ve all learned.
Fuck china
Fuck
Chinathe CCPdeleted by creator
This is such a hack joke
And it’s hilarious
I laughed.
Fuck tankies!
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Leaving Brazil, India, and South Africa to listen to putler…
Although, I guess Xi is still going to be there? Just not personally delivering a speech
I really don’t know enough to know, but if all these countries that aren’t really friends with the west but have been using the dollar stop doing so, what interest does the west have in maintaining trade? I understand China gained it’s economic status because they were willing to do the labor and manufacturing the west didn’t want to. Are they hoping that if the west stops buying their stuff the global south will buy enough to make up for it?
what interest does the west have in maintaining trade?
It’s long been thought the only reason there’s been no WWIII is because countries that don’t necessarily like each other have created mutually beneficial trade deals together.
As long as the trade deals lead to better outcomes than war, these countries should maintain peace. For example, Australia recently purchased 8 advanced nuclear powered submarines for a cost of $368 billion. The main reason for the purchase is to protect their international trade routes from being shut down by China…who is their largest trading partner. Why would you spend so much money on military weapons to protect your trade with China, from China?? It’s because Australia wants to ensure China knows keeping their trade deals running is the most beneficial option for everyone.
That makes sense thank you for explaining.
Good explanation. Thank you
It’s a new Cold War. Quality of life matters less than being able to stick it to the other guy. For the Soviets, empty grocery stores and gray concrete block housing are tolerable if it means winning against the decadent West. The West had dumbass proxy wars of containment and abrogation of freedoms (HUAC, FBI bullshit).
I think we’ll have trade but you’ll see state intervention to boost alternatives in the respective spheres with a 3rd World (OG definition) in the middle.
Here’s a good podcast about US petro-dollars & how it impacts the world economy
[Congressional Dish] CD276: The Demise of Dollar Dominance #congressionalDish https://podcastaddict.com/congressional-dish/episode/159774687 via @PodcastAddict
