Dual circulation—the policy some academics have labeled as “China First” and a threat to international companies’ prospects in the Chinese market—was in fact being discussed as an “excellent opportunity”.
Now that the Tibet Autonomous Region has successfully shaken off the scourge of extreme poverty, attention has turned towards future development.
Better than expected economic growth between April and June this year has fuelled promise that the impact of COVID-19 on China will not be as severe as first thought. But with an increasingly volatile international market fuelled by protectionism taking shape, ensuring the vitality of all market entities is a priority for the Chinese economy.
There is no doubt there are plenty of people in Britain who are more than capable of doing this hard work. The question is whether their political leaders can too.
The campaign against Huawei in particular is unarguably the most aggressive, concentrated campaign of statecraft and political warfare against a globally acclaimed brand in modern history.
In China, wearing a mask became mandatory very early on as a proven way to reduce the transmission of the virus, and the public were cautious accordingly in maintaining social distancing.
In times of a global calamity of such proportions, an escalation of the blame game will not yield favourable outcomes.
No nation can solve climate change alone, for instance. No nation can reverse the environmental damage human society has inflicted on the planet or create the technologies that lead us closer to net zero alone. It will require the coming together of states, leaders, business, activists, consumers, and every tranche of society to wean the world off carbon.
An Analysis of Joe Biden’s Promised Foreign Policy to Understand Future China-U.S. Relations and Beyond
The future competition between China and the United States may be decided by the country that can continue to grow its middle class and expand the market.
One shudders to think where the U.S. will be in five, 15 or 30 years—even if Biden is able to govern effectively for the next four.