'The naïve liberal-globalists of the Clinton era thought that
they could bribe China to remain “loyal” to the US-led global world order that emerged after the Cold War by relying on
“win-win” investments that would enrich the American elite
while helping China rapidly modernize.
they could bribe China to remain “loyal” to the US-led global world order that emerged after the Cold War by relying on
“win-win” investments that would enrich the American elite
while helping China rapidly modernize.
Suffice to say, this presumption proved to be totally false.'
Written by Andrew KORYBKO: China responded to Trump’s tariffs with economic restrictions of its own, though its market has always been notoriously difficult to enter due to Beijing’s own ironically “protectionist” policies designed to safeguard its domestic producers, but the government has been easing its prior regulations in recent years in order to facilitate the country’s One Belt One Road (OBOR) global vision of New Silk Road connectivity. The developing trade war between the US and China threatens to formalize the long-running economic competition between these two Great Powers as they vie with one another over control of the world order, with Washington wanting to retain its erstwhile but fading unipolar dominance while Beijing wants to pioneer the emergence of a multipolar system marked by a diversity of theoretically equal stakeholders.




