As the World digests the significance of the rush to join AIIB, readers of this column will be familiar with our analysis.
Since 2007 we have been drawing attention to the Return of China as having a major global dimension and that its growing trade and investment patterns were increasingly focused on the developing world.
We have predicted that China’s development of bilateral Free Trade Areas would provoke an American response – EU-NAFA and TPPA – but that China would have yet bigger plans which would emerge – the Silk Roads.
We have constantly suggested that China’s rise needs to come as part of a global project and not be the result of managing opposition.
In this way the global community can develop global sustainable development within secure structures that enable differences to be managed without resort to conflict.
Is it a coincidence that AIIB has happened at the same time as the world is consumed by wars in Ukraine, Yemen, Iraq and Syria, Libya and the grand challenges presented by US-Russia and US-Iran relations?
A world lacking in demand and over-supplied with capital has previously used war to create demand and rebuild economies – the warnings are there.
The 20th Century featured war. The 21st Century can show we have learnt. The 22nd Century will reap the benefits of peace and sustainable development.
The prospect of huge economic development stretching from China’s Pacific coast through to Europe, Africa and the Middle East, is just what the world needs.
In the following article a significant American political leader suggests that the U.S.A. needs to change its approach.
As the U.S.A. approaches the 2016 election we all have a vested interest in the U.S.A. uniting more around common goals, and one of them being to develop a positive major power relationship with China.
The visit of Wang Qishan may have significance beyond it stated agenda of foxhunting,
“Time US leadership woke up to new economic era:”