The Chinese leader has flown out to South Africa for the summit but asked his commerce minister to read out his remarks.

The Chinese leader has flown out to South Africa for the summit but asked his commerce minister to read out his remarks.

    • partial_accumen@lemmy.worldEnglish
      623·
      2 years ago

      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.

    • twogems@lemm.eeEnglish
      2·
      2 years ago

      Has he tried blaming himself? Dictatorships are not successful as we’ve all learned.

  • givesomefucks@lemmy.worldEnglish
    8·
    2 years ago

    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

  • JungleJim@sh.itjust.worksEnglish
    61·
    2 years ago

    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?

    • steltek@lemm.eeEnglish
      2·
      2 years ago

      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.