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2. China Rejects Global Trade Consensus: KAMRAN BOKHARI & GORDON CHANG 090226
Published 1 month, 2 weeks ago
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CAPTION: 1890 PEKING
China Rejects Global Trade Consensus
Kamran Bokhari and Gordon Chang discuss China's refusal to sign a G20 finance ministers' consensus document, objecting to language targeting non-market policies that cause trade imbalances. Chang attributes this defiance to Xi Jinping's arrogance and belief in US decline. Bokhari explains that China is posturing ahead of a summit with Trump, utilizing command capitalism to flood global markets. Bokhari highlights a shifting security architecture in Asia, including Tokyo deploying fighter jets to India and Jakarta arming itself, driven by expectations of US retrenchment. Additionally, Xi Jinping maintains absolute control domestically through extensive military purges while building ties with Egypt. (2)
China Rejects Global Trade Consensus
Kamran Bokhari and Gordon Chang discuss China's refusal to sign a G20 finance ministers' consensus document, objecting to language targeting non-market policies that cause trade imbalances. Chang attributes this defiance to Xi Jinping's arrogance and belief in US decline. Bokhari explains that China is posturing ahead of a summit with Trump, utilizing command capitalism to flood global markets. Bokhari highlights a shifting security architecture in Asia, including Tokyo deploying fighter jets to India and Jakarta arming itself, driven by expectations of US retrenchment. Additionally, Xi Jinping maintains absolute control domestically through extensive military purges while building ties with Egypt. (2)