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Geoeconomics

SOUTH ASIA:

INDIA-CHINA VACCINE DIPLOMACY:

  • India and China -that have disengaged frontline troops from their borders, putting an end to tensions in the region- have shifted their rivalries to a different field – seeking political influence through vaccine diplomacy. Since India produces 60% of global vaccines, it is trying to match China to use it as a diplomatic tool to expand influence in the neighborhood and beyond. The COVID-19 vaccine has emerged as an important form of diplomatic currency globally for the nations to showcase their soft power gains.

SOURCE: ANADOLU AGENCY


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Geoeconomics

WHAT IS HAPPENING IN GEOECONOMICS? GLOBAL:

CHINA/ USA DISPUTE:

  • China dismissed efforts to shift U.S. supply chains toward alternative sources as unrealistic, hitting back hours after President Joe Biden signed an order to review how America buys strategic goods. Chinese Foreign Ministry spokesman Zhao Lijian made this remarks in response to a question about the order, which came as Biden directed his administration to address shortfalls in semiconductor production that have idled some auto plants.

SOURCE: BLOOMBERG


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Expert Analysis

Here’s How China Survived & Thrived During Four Years Of Trump

Here’s How China Survived & Thrived During Four Years Of Trump

The lesson to be learned is that aggression will always backfire and that cooperation is the only way forward in today’s complex world.

The past four years of US President Trump’s time in office were very challenging for China, ye the country managed to not only survive, but even thrive despite the American leader’s best efforts to thwart its rise. It’s important to study how the People’s Republic managed to succeed in spite of all the obstacles that Trump placed in its path. The resultant insight will show the world that China’s leadership accurately understood the elements of the American challenge and accordingly took the most effective measures to counter them.

Chinese-American relations over the past four years are most popular described against the context of Trump’s trade war, which he decided to wage with the intent of crippling what he wrongly believed was the economic foundation of China’s rise. It’s true that bilateral trade played an enormous role in China’s modern-day development over the past four decades, but the country sought to diversify from its erstwhile dependence on this for pragmatic reasons through the Belt & Road Initiative (BRI) that Chinese President Xi unveiled in 2013.

While Trump did make some attempts to obstruct BRI, he focused much more on trying to directly harm the domestic Chinese economy out of the mistaken belief that any externally provoked destabilization thereof through the trade war would catalyze a chain reaction through the global Silk Road network. This was perhaps the most fundamental flaw in his strategy (apart from the obvious one of even waging such an economic war in the first place) because it proves that he completely underestimated the strength of the Silk Roads.

Trump also took a while to realize that China’s economy had diversified quite a lot throughout the past decade and that it was therefore capable of absorbing the artificial shock that the trade war was intended to produce. Once this became unquestionably obvious to him, he tried to expand the trade war into the technological sphere by attempting to curtail the activities of companies such as Huawei, TikTok, and WeChat, albeit to little avail. Those companies are giants in their respective fields and cannot be easily contained.

Again, as the case study of Huawei shows, China had already diversified its economy through the establishment of dozens of new foreign partnerships over the past decade to the point where a system of complex interdependence between the People’s Republic and the rest of the world had already started to take shape. The simple truth is that everyone increasingly needs one another and that only the US and a few of its closest allies are the odd countries left out of this mix due to their increasingly rogue behavior.

As global trends began to suddenly shift in the anti-globalization direction with the onset of the COVID-19 pandemic, Trump was unexpectedly filled with false hope that he might finally dismantle the Silk Roads and their associated supply chains. Alas, this wasn’t meant to be since the Chinese economy recovered earlier than anyone else’s and subsequently became the engine for revitalizing the global economy. Understanding its responsibility to the rest of the world, China unveiled its new development paradigm of dual circulation.

This model more effectively manages globalization processes for everyone by strengthening the complex interdependence between the Chinese economy and the rest of the world. Circulation within the Chinese domestic economy will drive more foreign direct investment into the country, which will in turn stimulate the global economy’s recovery. This isn’t just wishful thinking either but will be actively practiced in the Asia-Pacific after the recent Regional Comprehensive Economic Partnership (RCEP) was agreed to by 15 regional states.

Lo and behold, the US found itself outside of the world’s largest trade bloc, and all because of its own counterproductive policies. By being so obsessed with crippling China’s economy, Trump was blinded to the reality that he was actually crippling America’s own. The US is now ironically just as economically isolated as it hoped that China would be by this time, and it’s no one’s fault but Trump’s. The lesson to be learned is that aggression will always backfire and that cooperation is the only way forward in today’s complex world.

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By Andrew Korybko

American political analyst

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Anti-Goverment Protests

South America

SOUTH AMERICA

  • COLOMBIA: Thousands of workers and students protested in Colombia against the social and economic policies of President Ivan Duque, despite restrictions to control the spread of the coronavirus pandemic.

SOURCE: MERCOPRESS

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Global Energy Stategic Resources

Eurasia

EURASIA

  • SAUDI ARABIA-RUSSIA-CHINA: Saudi Arabia and Russia are in a tight race to become China’s top oil supplier in 2020, with both countries boosting crude exports to the economic powerhouse even as the coronavirus pandemic hit global demand for oil this year.

SOURCE: CYPRUS MAIL

 

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Belt And Road Initiative

Eurasia

EURASIA

  • China’s BRI progress has showed strong resilience despite coronavirus. Major projects are progressing smoothly. China-Laos railway, China-Thailand railway, Jakarta-Bandung High-Speed Railway, and Hungary-Serbia Railway are all making positive headway. The China-Europe freight rail service network has also expanded, reaching 21 countries and 92 cities.

SOURCE: GLOBAL TIMES

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Anti-Goverment Protests

Europe

EUROPE

  • GERMANY: People attend a protest rally in front of the Brandenburg Gate in Berlin against the coronavirus restrictions in Germany. The protests came as German lawmakers debated a bill that would provide legal underpinning for the government to issue social distancing rules, require masks in public and to close stores.

SOURCE: FRESNOBEE

 

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Anti-Goverment Protests

Global

GLOBAL

  • Since March, more than 30 major Anti-Lockdown Protests in 26 countries have targeted coronavirus restrictions. Such demonstrations have emerged in every region of the globe, not only in wealthy countries like Australia, Germany and the United States, but also in poorer ones like Brazil, Mexico and Nigeria. Moreover, anti-lockdown uprisings are occurring in states with very different governance systems—consolidated autocracies and liberal democracies alike.

SOURCE: WORLD POLITICS REVIEW

 

 

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terrorism

Africa

AFRICA

  • Islamic State and groups linked to it are seeking to recoup ground in the Sahel, exploiting the crisis those governments are facing with combating the coronavirus while having to cope with the impact of collapsed oil prices. In the Sahel, ISIL is believed to be expanding its bases in parts of Mali, Mauritania, Chad, Niger, Central African Republic, Nigeria, and even Algeria. Recently number of these countries appealed to the UN for international assistance.

SOURCE: INSIDE ARABIA

 

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Anti-Goverment Protests

Argentine

ARGENTINE

  • Anti-government demonstrators rally once again in cities across the country, with large turnouts in Buenos Aires City and Córdoba. Anti-government protesters rally against a wide range of issues, including government economic policy and state policies to fight the spread of Covid-19.

SOURCE: BUENOS AIRES TIMES

 

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