The Chinese leader has flown out to South Africa for the summit but asked his commerce minister to read out his remarks.
In a thinly-veiled swipe at the United States, Mr Wang said “some country, obsessed with maintaining its hegemony, has gone out of its way to cripple the emerging markets and developing countries”.
“Whoever is developing fast becomes its target of containment. Whoever is catching up, becomes its target of obstructions.”
The remarks are another development in the growing friction between the US and China - with Mr Xi having earlier blamed the West for the difficulties faced by his country’s economy.
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.
Additionally, I’m not sure how China would have reached this position without a specific effort by the United States to engage in increased trade with them.
We said we would trade more in the hopes of an improving human rights situation and steps toward democratic self-rule.
We didn’t get what we were promised. Stop whining, Xi.
We traded with China because it was profitable, the same reason we trade with India despite them being run by a literal fascist. The same reason why we support Saudi Arabia, a literal terror state.
Reel it back in cuz it’s more complicated than that. Modi is a very recent development and India is very proud of their government and country through their fight for Independence. I hope they can kick that donkey’s ass out soon because they deserve better.
KSA primarily offers stability, not profitability. They provide oil to US allies and counter Iran’s influence. Also notably, until the 2022 escalation, KSA was also the #1 oil importer for China.
You thought we were trading with China for the human rights instead of for the cheap labor?
The US is basically Willy Wonka mumbling “Stop. Don’t.” When it comes to human rights in China. Just the minimum effort to maintain the illusion of caring.
It’s always the west’s fault, ever notice that? Man we just ruin everything…
You don’t buy enough of low quality plastic shit which cripples their economy that’s based on producing low quality plastic shit.
Thats rich, coming from China lmao
Has he tried blaming himself? Dictatorships are not successful as we’ve all learned.
I mean, if you haven’t been paying attention, you should know the vast majority of animosity Americans have towards China is because of the Chinese-American trade war.
That’s really it. It really is. Poor americans are whipped up into a frenzy to look out for their rich overlords. Both republicans and democrats can unite on this one.
Just look at all the FUD surrounding tiktok. The American ruling class wants some of that easy money and power, so they pull strings to influence lessers to support them.
Anytime I see someone say tiktok is a national security threat, I just know they’re an idiot who can’t see the bigger picture. That’s why they’re ‘the masses.’ The masses are dumbasses.
Oh, i thought it was because of the concentration camps, blatant abuse of international financial agreements and the unabashed pillaging of our intellectual property both academic and corporate. Silly me.
Nope. Americans don’t care about any of that shit, which is why they never focus on nations other than China who are engaging in it. They’re not engaged in a trade war with those other nations, but they are with China.
Where do you think your cobalt comes from? I don’t see anyone saying we should stop trading with the nations who use child labor to bring us our precious metal for cheap prices. Why? Because those nations make rich Americans even richer. China doesn’t do that.
Those same nations also engage in significantly worse human rights abuses than China.
unabashed pillaging of our intellectual property
Yeah, this is part of that ‘trade war’ I was talking about. Not sure why you support hoarding information so rich people can be richer. Oh wait, it’s because you think they deserve it. My bad.
Silly me.
Hey man, we all make mistakes sometimes. The key is to learn from them.
I guess I must not be American because I DO care about it. It’s also not mutually exclusive, you can also be critical of other countries. And to boil down this argument and say that it’s about rich people wanting to get richer is a simplistic view of the world. The Chinese simply do not care about the US and have not been trading with the US in good faith and so have been working against the interest of the American people leeching of our innovation while holding us in contempt. The bottom line is that China got unfathomable wealthy after Nixon opened the flood gates of commerce and allowed the United States manufacturing to be looted by greedy American interest and the Chinese. To say the trade war benefits the wealthy is wrong, corporations will do any amoral thing they can to make a dollar and that’s why sanctions and trade restrictions had to be put in place. Not the other way around.
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I dunno. Something tells me you chomp at the bit to say ‘china bad’ but routinely ignore any opportunity to say other nations are worse that the US trades with.
Wow, bravo, very LeBron like.
Fuck china
Fuck
Chinathe CCPFuck
China the CCPWinnie the PoohThis is such a hack joke
And it’s hilarious
I laughed.
Fuck tankies!
Trade war! This is because of a trade war!
Good soldier! Keep fighting for different rich people!
This is the best summary I could come up with:
Chinese President Xi Jinping unexpectedly pulled out of delivering a speech at the BRICS summit in South Africa - leading to speculation he might be unwell.
Bill Bishop, author of Sinocism, a popular newsletter about Chinese affairs, highlighted how there had already been a long period this month with Mr Xi not making any public appearances.
The China Global South Project, a podcast exploring the country’s involvement in Africa, wrote: “To say [Xi’s absence] is extraordinary is an understatement as Chinese leaders never miss highly choreographed events like this.”
James Palmer, deputy editor of Foreign Policy magazine, wrote: “The odds are very heavily that Xi Jinping just skipped that speech because he’s sick.”
Russian President Vladimir Putin has not attended the summit as he currently faces an arrest warrant for war crimes which was issued by the International Criminal Court.
The five BRICS countries are home to 40% of the world’s population and responsible for more than 30% of global economic output, and more than 20 nations have applied to join, according to South African officials, including Saudi Arabia, Iran and the United Arab Emirates.
The original article contains 554 words, the summary contains 185 words. Saved 67%. I’m a bot and I’m open source!
Good bot
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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
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?
what interest does the west have in maintaining trade?
It’s long been thought the only reason there’s been no WWIII is because countries that don’t necessarily like each other have created mutually beneficial trade deals together.
As long as the trade deals lead to better outcomes than war, these countries should maintain peace. For example, Australia recently purchased 8 advanced nuclear powered submarines for a cost of $368 billion. The main reason for the purchase is to protect their international trade routes from being shut down by China…who is their largest trading partner. Why would you spend so much money on military weapons to protect your trade with China, from China?? It’s because Australia wants to ensure China knows keeping their trade deals running is the most beneficial option for everyone.
That makes sense thank you for explaining.
It’s long been thought the only reason there’s been no WWIII is because countries that don’t necessarily like each other have created mutually beneficial trade deals together.
And then Russia decided to go to war regardless. I’m not sure whether this has shown us that war prevention based on mutual trade is an illusion, or that Russian economic difficulties prove that it works. Maybe time will tell, but in any case I’m not sure the dead will be happy that Russia’s economy will suffer.
I mean, it makes perfect sense that you’re not going to start a war for economic reasons if it’s worse than just trade, but what happens when someone decides that they want war for reasons other than economic. For example, country A has a lot of people with their main nationality in the bordering countries, and someone stirrs up nationalist sentiments and they want their country to ecompass all regions where their nationals live, regardless of economic benefits/drawbacks.
They didn’t intend for there to be a war. They fully expected to just walk in without much resistance, take over the country without much hassle similarly to how they took over Crimea, install a puppet government, and have the west barely react just as we haven’t been reacting to their annexation of parts of Georgia, Crimea, and their conflict in Donbass for years
Toxic ideologies. It’s kind of crazy how they can drive countries to do things against their best self interest.
Good explanation. Thank you
Here’s a good podcast about US petro-dollars & how it impacts the world economy
[Congressional Dish] CD276: The Demise of Dollar Dominance #congressionalDish https://podcastaddict.com/congressional-dish/episode/159774687 via @PodcastAddict
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.
