Monday 7th of October 2024

a bad opinion disguised as an analysis by ian verrender at the ABC (australia)....

BUT FIRST: The BRICS summit in Kazan is only a few weeks away. Should we expect the expansion of the alliance? What criteria should partner countries meet? How is the ‘Collective West’ reacting to BRICS strengthening of its position on the world stage? This was covered in an exclusive interview by Deputy Minister of Foreign Affairs of the Russian Federation, Russian Sherpa for BRICS Sergey Alekseevich RYABKOV to New Eastern Outlook.

 

Sergey Ryabkov: “We are not chasing sensations; we are oriented toward practical results”     Yuliya Novitskaya

 

– Sergey Alexeyevich, last year in August BRICS doubled in size, an unprecedented case internationally. How is the process of integrating new members going?

– The decision taken at the summit in Johannesburg in 2023 on the expansion of BRICS can be called historical without exaggeration. Since the 1st of January 2024, Egypt, Iran, the United Arab Emirates, Saudi Arabia and Ethiopia have joined BRICS.

Each of the new participants has a rich history and culture, vast economic potential and plays a significant role not only in their region, but also in the international arena. They all share the fundamental values of BRICS, including the spirit of solidarity, equality, mutual respect, openness, inclusivity and consensus. In this sense, their involvement in the association certainly increases the profile of BRICS in world affairs and its ability to make a decisive contribution to building a more democratic, fair system of international relations that meets the interests of the World Majority.

Ensuring the consolidation of partnership in the expanded association and the organic integration of new members into the entire architecture of the BRICS strategic partnership is one of the priorities of our BRICS presidency this year, and we have made significant progress on this path. From the first months of their membership, the ‘recruits’ have been actively involved in the work, demonstrate a constructive focus on deepening practical cooperation and offer their own very interesting initiatives.

– During the first meeting of BRICS Sherpas and Sous-Sherpas during the Russian presidency, you stated that “the expansion of BRICS will aid in building a new, fair world order”. How would you describe the reaction of the ‘Collective West’ to this process?

– The world is consistently and irreversibly moving towards multipolarity. The world order built on the hegemony of the Western minority is gradually being replaced by a system with multiple poles and civilizational platforms. Multilateral structures are coming to the fore, interaction within which is based on the principles of equality, openness and mutual respect, and decisions are made following the results of comprehensive discussions on the basis of consensus.

And BRICS is one of them. The association plays the role of an important institution of multilateral cooperation, which does not seek to weaken anyone or take anyone’s place, but is aimed at creating, forming and maintaining favourable conditions for sustained growth, building up the socio-economic, innovative and human potential of its participants, and aiding in solving the pressing problems of developing countries and emerging markets, as well as increasing their representation in the system of global governance.

Naturally, the activities of the BRICS, which embodies a more equitable approach to the decision-making process on the global agenda, are equated with a new polycentric world order among the countries of the ‘Collective West’. It evokes distaste and rejection in them. But our absolute priority is to develop stable ties with the states of the World Majority, which are showing growing interest in deepening cooperation with BRICS.

– Currently, more than 30 countries have expressed their desire to join the association. The Johannesburg summit aimed to work out the categories of members states and to create an approximate list. Have the main criteria, which partner states must meet, been chosen yet?

– Following last year’s meeting of BRICS leaders in South Africa, the foreign ministers were tasked with formulating the modality of a new category of ‘partner states’ and making a list of potential candidates. This task is in its final stage. We expect to present its results this October at the BRICS summit in Kazan.

Of course, in terms of candidates to receive this status we are considering like-minded states committed to the BRICS values, including promoting the formation of a democratic multipolar world, strengthening global security and stability, respecting the principles of the UN Charter and international law, rejecting unilateral coercive measures, reforming the multilateral architecture of global governance so that the voice of the Global South and East will be louder and will be heard.

– Today, the focus is on the category of partner states; does this mean that further BRICS expansion is not planned in the near future? What are the boundaries of the association’s expansion?

– Considering the twofold expansion of the BRICS this year, it is probably premature to talk about a new wave. We cannot forget about the need to maintain the achieved level of practical cooperation in the BRICS format, to ensure high-quality practical benefits from the already established mechanisms. However, we cannot ignore the growing interest of the states of the Global South and East in strengthening contacts with BRICS. At the moment, more than thirty states have expressed such a desire in one form or another. The doors of the association remain open to all those who are interested in a trusting and equal dialogue and share the values of BRICS.

As the chairman-state of the association this year, we are trying to build a balance between expansion and efficiency. In addition to working on the category of partner countries, we involve like-minded people in cooperation in various BRICS formats – wherever it is possible and there is demand. Of course, we work in close contact and consultation with our partners in the association.

Since the beginning of the year, we have already held a number of meetings with the invitation of like-minded countries. In this context, I would like to note the meeting of foreign ministers (Nizhny Novgorod,10th-11th of June), the BRICS Interparty Forum (Vladivostok, 18th-19th of June), the Parliamentary Forum (St. Petersburg, July 11-12), the International Municipal Forum (Moscow, 27th-28th of August). Athletes from 82 countries took part in the BRICS Games held in Kazan on 12th-13th of June.

An expanded session with the participation of partners from Asia, Africa, the Middle East, Latin America and the Eurasian space is scheduled for the XVI BRICS Summit in Kazan on the 22nd-24th of October.

– The share of BRICS countries in global GDP (by purchasing power parity, PPP) increased by 0.6% in 2023. Numbers showed a record 35.7%. At the same time, the economies of the G7 countries decreased by 0.4%, reaching 29%. In your opinion, how will these figures change this year?

– As you have noted, the contribution of BRICS to the global economy is substantial. With the expansion of the association this year, its share in global GDP has, naturally, become even more significant.

In its new, expanded configuration, BRICS covers over 30% of the world’s landmass, encompasses 45% of the global population (3.6 billion people). If one considers IMF statistics, then by the end of 2024, the share of BRICS countries in global GDP (by PPP) will exceed 36% and growth rates will be 4.6%, which is almost 1.4% than the global average (3.2%), not to mention that of the G7 (1.7%). States of the BRICS account for over 40% of the total volume of oil production and around a quarter of global exports of goods.

The resource, innovative-technological and human potential of BRICS states is a good foundation for strengthening the positions of the association’s members in the global economy and the basis for increasing their role in the system of global governance. This reflects the general tendency of business activity shifting towards new centres of economic influence emerging in Asia, Africa, Latin America and other regionals in the world.

– Talking about a single BRICS currency today is premature. The main focus of member states should be on forming the conditions for the widespread use of national currencies in mutual payments. Also, BRICS countries are working on the creation of alternative mechanisms for the transfer of financial information. Which steps are being taken in this regard?

­– De-dollarisation is becoming a global tendency. BRICS countries, as well as a number of others, are aiming to decrease their dependence on the US dollar, which is caused by growing distrust of the reliability of the Western financial system, which is being used by Washington and its European satellites more and more as an instrument of blackmail and imposing its political will.

The creation of an independent payment and settlement infrastructure resistant to the pressure of sanctions is a key element in strengthening the autonomy and financial sovereignty of BRICS countries. In this regard, at the BRICS summit in Johannesburg, finance ministers and central bank heads of BRICS states were instructed to work out issues pertaining to the use of national currencies, payment instruments and platforms in mutual trade transactions. Relevant departments are actively engaged in the issue of linking the financial markets of BRICS countries and the introduction of new mutual settlement mechanisms.

For example, a draft multilateral platform for cross-border payments for equal access of all BRICS countries to available financial instruments with a high level of protection of transmitted financial messages and minimal costs, including using innovative tools, has been submitted to partners for consideration.

– The BRICS summit in October will have the whole world’s eyes on it. Which countries have been invited to the summit? Should one expect any critical decisions to be made?

– We have invited the leaders of more than 30 countries to participate: BRICS state leaders, partners in CIS, Africa, Asia and Latin America, as well as heads of the secretariats of regional and international integrations (including, of course, the Eurasian Economic Union, the Commonwealth of Independent States, the Shanghai Cooperation Organisation). I will not mention individual states. Speaking about specifics of events at the summit level is, in our practice, for obvious reasons, the prerogative of the Administration of the President of the Russian Federation.

Any BRICS summit is a certain milestone in the development of the association and the interaction of the entire Global South and East, increasing its voice in the global governance system, which in itself is an important contribution to the formation of a multipolar world order. We are not chasing sensations; we are oriented toward practical results. We are thoroughly working to strengthen and deepen our strategic partnership in all areas, including in the fields of politics and security, economics and finance and the humanitarian dimension, as well as to find solutions to relevant issues on the international agenda.

– Sergey Alexeyevich, we thank you for your honest and sincere dialogue and wish you fruitful work for the good of our country. We await the results of the BRICS summit in Kazan.

 

Interview conducted by Yulia NOVITSKAYA, writer, correspondent of “New Eastern Outlook

 

---------------------

 

Why China's sinking economy could backfire on Vladimir Putin
By chief business correspondent Ian Verrender

 

Skirmishes in the South China Sea and a counterattack in Kursk.

The ongoing and almost simultaneous military excursions by China and Russia within their spheres of influence have taken global geopolitics to their riskiest level in decades.

On the surface, the alliance between the two strongmen of the Communist world, China's President Xi Jinping and Russia's President Vladimir Putin, remains intact, creating a serious threat to ongoing global stability.

Internally, within both countries, cracks are beginning to emerge, threatening the viability of the alliance as both the Russian and Chinese economies lurch into ever more perilous territory.

Russia is smarting from the global sanctions imposed after its invasion of Ukraine in February 2022. Its economy is now on a war footing, labouring under the weight of interest rates at 18 per cent, and forced to export most of its goods to China at vastly reduced prices.

China, meanwhile, is at an economic crossroads.

https://www.abc.net.au/news/2024-09-17/why-china-s-sinking-economy-could-backfire-on-vladimir-putin/104355186

 

———————————————————

 

THE CHINESE COUNTRY IS DOING FINE DESPITE WHAT IAN VERRENDER BLABS ABOUT... ALL AROUND THE WORLD, ECONOMIES ARE IN TROUBLE, AND THE LEAST IN TROUBLE ARE CHINA AND RUSSIA... RUSSIA HAS BEEN FACING MORE THAN 16,000 US SANCTIONS... CHINA HAS BEEN FACING QUITE A FEW LESS, BUT AMERICAN/EUROPEAN TARIFFS ARE KILLING FAIR TRADE... BUT CHAINA IS COPING WITH THIS....

THE RUSSIAN ECONOMY IS GROWING AT 4 %...CHINA'S ECONOMY IS DOING SWIMMINGLY AT 6 %... AMERICA ONLY SURVIVES AT 2 % BY PRINTING MORE DEFICIT CASH WHICH HAS MADE ELON MUSK ANNOUNCE THAT THE USA ARE BANKRUPT... THE MAJOR INDUSTRIES THAT ARE PURRING AROUND THE WORLD ARE MILITARY BASED IN AMERICA, RUSSIA, CHINA AND ALSO GERMANY TRYING TO RESCUE ITSELF FROM SELF-DESTRUCTION...

 

------------------------

 

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

 

SEE ALSO: https://www.youtube.com/watch?v=wMiRPToksT8

 

SEE ALSO: https://www.youtube.com/watch?v=gw4zTevExUc

 

SEE ALSO: https://sputnikglobe.com/20240916/leaving-the-dollar-based-system-for-good-what-are-the-digital-ruble-and-brics-bridge-1120169681.html

bum experts....

 

To the “China experts” who can’t understand China

 

Les echoes published an article on August 27 entitled "China: The Tremor is Now", in which, under the pretext of discussing Chinese economic issues, he [Gabriel GRÉSILLON] baselessly criticizes Chinese policy and attacks China's domestic and foreign policies. His outdated and stereotypical views, false and biased arguments, and confused logic perfectly demonstrate the supremacism and arrogance of some Westerners.

The article states that "The real estate sector is unable to emerge from a crisis that began two years ago, despite the regime's proactive measures. However, this sector alone accounts for a quarter of the national economy"

It is true that an economy would be in trouble if 25% of its GDP were to disappear. But where does this 25% figure come from? According to data published by the National Bureau of Statistics of China, the real estate sector represented only 5,76% of China's GDP in the first half of 2024. What the article of echoes adopted, this is a classic Western anti-China propaganda formula. Using the trick of amalgamation, it counts upstream and downstream sectors such as steel, cement, furniture, household appliances and renovation work under the banner of real estate. It is as if all these industries would fall to zero if China stopped building homes. According to this method of calculation, the real estate sector in France should account for 30% of French GDP. Analyzing the Chinese economy on this basis of false information will inevitably lead to erroneous conclusions. This is why some Western media and scholars are desperately waiting for the Chinese economy to collapse due to the real estate crisis, because they regard real estate as the central pillar of the Chinese economy:When the building is wrong, nothing is wrong." Yet in the first half of this year, the Chinese economy grew by 5%, outpacing that of all Western countries.

The article claims that in the documents of the 3rd Plenary Session of the 20th Central Committee of the Communist Party of China, the word "consumption" appears only 5 times, compared to 45 times for "technology," leading it to conclude that "There is no question of entrusting the future of China's GDP to a force as volatile as household consumption." This kind of inconsistent reasoning is astounding: does the author not understand that technological progress is a fundamental driving force of economic growth and that it can create consumer demands? He then pretends to be serious in order to prescribe a "prescription" by asserting that "In a liberal political system, the solution would be to transfer purchasing power to households so that they finally play their long-awaited role as economic drivers.", which would simply amount to distributing money to the people, but that "Beijing is only moving along this path reluctantly."He tries to apply Western economic theories to Chinese development practices, thinking that what the West is doing is correct and universally applicable, and that other countries should follow suit. Otherwise, it would mean that there are problems in their political system, and they will be hit by economic recession or even national collapse. This is a typical example of pretension and preaching.

The article blames economic and trade frictions between China and the West in recent years on the "Chinese overcapacity» and to the «aggressiveness which denotes above all the feverishness of Beijing", in the export field. However, this rather reflects the sluggish state of the economy and the low competitiveness of production in Western countries, and their habit of changing the rules in the event of failures in competition. In this era of globalization, no country's production is aimed solely at its domestic market. If the export of products made in China to Europe or the United States constitutes overcapacity, aren't Airbus and Boeing planes, European and American thermal cars, as well as French wines and luxury goods sold all over the world also constitute overcapacity? China has the right to develop. China's industrial competitiveness has improved and it has even caught up with or surpassed Europe and the United States in some areas. But it is not China's fault that the West can no longer make as much money as easily and extract excessive profits as in the past. The West should seek to improve its own competitiveness, rather than resorting to protectionism and economic coercion under fabricated pretexts such as government subsidies and overcapacity.

The article also charges that "It is by further consolidating its lead in strategic industries (clean energy, batteries, artificial intelligence, etc.) that Beijing hopes to save its commercial omnipotence, which is threatened by a latent rejection movement in the West.", which is a bandit logic. In the face of economic repression, the embargo on chips and the senseless increase in tariffs by the West, should China give up and let this happen? Of course, it must fight back and break the encirclement! The development of China in these aforementioned areas represents the future direction of advanced productive forces and contributes to the global fight against climate change and environmental protection. How come this is perceived as a mistake by the West? The Western boycott of "Made in China" goes against the grain of history and is based on "West-centrism", according to which China does not deserve to develop better than the West.

The article denounces that "The real obsession of the Chinese political system is its survival and absolute control of its territory.» (sic), and states that «Deng Xiaoping developed his economy at top speed, in the service of strengthening the legitimacy of the Party, seriously undermined by the tragedies of Maoism.» (sic). Here finally, the author no longer hides his extreme animosity and prejudice towards the CCP and the Chinese socialist system. Nevertheless, the leadership of the CCP is the choice of history and the Chinese people. For more than a century, it is the CCP that has led the Chinese people to overthrow the “three great mountains” of imperialism, feudalism and bureaucratic capitalism. It is also the CCP that has saved China from the abyss of extreme poverty and weakness, even pulling it back from the brink of global exclusion, to make it the world’s second largest economy. In China, the CCP is the political force that exercises overall leadership in all areas across the country. Without the CCP, there would be no New China, no socialism with Chinese characteristics, and the great rejuvenation of the Chinese nation could not be realized. Without the CCP, external forces will take advantage of the situation to interfere in internal affairs, sow chaos, incite “color revolutions,” plunge China into turmoil, war and dislocation, and inflict misery and suffering on the Chinese people once again. It is incumbent upon the CCP to maintain its fundamental leadership position through perpetual self-revolution to avoid this disastrous scenario. The CCP is not working for its own “survival” under any circumstances, for it has no private interests other than those of the Chinese people. It is the backbone of the Chinese people in the face of storms, and the guardian protecting the Chinese nation when wolves prowl around it.

Whenever they talk about contemporary China, Western journalists like the author of the article can only repeat the slander against Mao Zedong like a tape recorder. Their insidious design is that by smearing Mao Zedong, they will demolish the CCP and the socialist system in China, and ultimately uproot China's contemporary history! However, their calculations have proven to be in vain. The image of Mao Zedong, which has not been tarnished in the minds of the Chinese people, is only becoming brighter today. The Maoist ideas that carry forward China's socialist revolution and construction have been proven by the achievements of China's development. The Chinese people are increasingly grateful for the legacy of the Mao Zedong era, whose ideological, institutional and material achievements laid the foundation for the development of modern China. In contemporary China, a spontaneous enthusiasm for reading the Selected Works of Mao Zedong animates the youth, who draw wisdom and strength from it. These young people categorically reject the demonization of Mao Zedong by the Western media.

This article has many "loopholes" that fundamentally reflect the "ignorance" of some so-called "China experts" in the West regarding China's development path, theory, system and culture. The Decision adopted at the Third Plenary Session of the 3th CPC Central Committee is over 20 characters long, listing over 20 major reform initiatives. Each of them directly targets the problems in institutions, mechanisms and systems, with the goal of completely resolving them within five years. However, the "China experts" have come to the conclusion that these are "old reflexes", "a catalogue of wishful thinking" and "empty formulas", since these so-called "experts" have never bothered to study the Chinese issue in depth, preferring to view Chinese reality through the prism of their ideological biases. If the reality in China does not match the clichés in their heads, they cut it out. This is the root cause of the West's long-standing misinterpretation of China's domestic and foreign policy. They do this to deceive their people, fool their leaders, and mislead their state. If Western leaders make decisions based on the opinions of these "experts," how can they form an objective and rational perception of China and formulate a correct and feasible strategy toward China? And how can they prevail over China in the competition they have in mind?

source: fr.china-embassy.gov.cn

https://en.reseauinternational.net/aux-experts-de-la-chine-qui-narrivent-pas-a-comprendre-la-chine/

 

READ FROM TOP

 

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

NOT isolated.....

IN THE RANT AT TOP, IAN VERRENDER SAYS RUSSIA IS ISOLATED... IT'S BULLSHIT BY A BAD JOURNALIST DOING A HATCHET JOB TO PLEASE HIS MASTERS — THE AMERICAN ESTABLISHMENT...

 

Meeting with BRICS high-ranking officials responsible for security matters: a serious effort in the fight against global threats

Alexandr Svaranc

 

The meeting in St Petersburg and the growing role of BRICS in international affairs 

The latest meeting of representatives of the BRICS and BRICS+ countries on security matters was held in St Petersburg on September 10-12 this year. The first part of the meeting was attended by representatives of China, India, Brazil, Iran, Egypt, UAE, Ethiopia and South Africa. The second part was held in an expanded format, which was attended by Serbia, Belarus, Turkey, Iran, Mauritania, Laos, Vietnam, Venezuela, Bahrain, South Africa, Brazil, Nicaragua, UAE, Uzbekistan, Kazakhstan, Azerbaijan, Cuba, Egypt and India. In total, representatives of 21 countries were present in the plenary hall.

The BRICS interstate association, which was launched in 2006 at the St Petersburg Economic Forum on the initiative of the leaders of Russia, India and China, is increasing its authority from year to year and is gaining global importance today. BRICS is a qualitatively new organisation that acts as a flagship for the formation of a multipolar world where relations are based on the principles of non-interference, equality and mutual benefit.

Today, BRICS accounts for 26.7% of the world’s land surface (43,556,873km2) and 43.5% of the world’s population (3.53 billion people); 43% of world oil production; 85% of world reserves of rare earth minerals; 28.1% of world GDP. The BRICS countries are characterised by rapidly developing economies. At the same time, they include three large (Russia, China, India) world nuclear powers. Accordingly, the geography and potential of BRICS countries indicate their key participation in the formation of regional and global security architectures.

What is remarkable about the St Petersburg meeting of BRICS countries on security matters is that Russian President Vladimir Putin met with the forum participants at the Konstantinovsky Palace and held separate talks with representatives of China, India and Iran.

As Russian President Vladimir Putin noted in his address to forum participants, more than 30 (or rather 34, to be precise) states have already expressed their desire to join the work of BRICS and develop cooperation in various formats. This trend, of course, confirms the indisputable fact of the viability of BRICS as a new type of international organisation, testifies to the growing interest in it and requires improving the quality of its activities.

Agenda and initiatives of the St Petersburg forum 

Security issues remain key in the global system and in the context of acute military and political crises in Europe and the Middle East at the present stage, as well as smouldering hotbeds of conflict in the heart of Asia and other parts of the world. A systematic approach to ensuring security and peace at the national, regional and global levels is gaining priority.

The issues of combating terrorism, separatism, drug trafficking, corruption, cybercrime and other threats, as well as the formation of a sustainable concept of mutually beneficial cooperation between BRICS countries of common interest, became the subject of discussion in this sphere.

At a meeting with Chinese Foreign Minister Wang Yi, President Vladimir Putin stressed that Moscow and Beijing are defending the principles of a just world, and on the path to achieve this justice, the world community must defend the strengthening, first of all, of security.

The Russian leader drew the attention of the high representatives on security issues of the BRICS countries to the collective results of joint work (including the creation of a special electronic register for the exchange of information on computer attacks and incidents), the expediency of forming a council to combat the financing of terrorism and money laundering.

The forum participants came up with a number of important new initiatives of organisational and substantive natures, designed to enhance the mutually beneficial partnership of BRICS countries in the field of strengthening security and respect for mutual interests. Thus, as part of the anti-corruption effort, the Russian side proposed common approaches of BRICS countries to combating bribery and recovering assets and income derived from illegal criminal activities, which was approved by partners.

Among the noteworthy initiatives of the forum participants is the proposal of Iran (representative of the Supreme Leader of Iran Ayatollah Khamenei and Secretary of the Supreme National Security Council of Iran Ali Akbar Ahmadian) on the expediency of creating a special collective institute on security issues within the framework of BRICS, particularly the BRICS Security Commission.

Such a structure is obviously needed by such a serious organisation in order to develop common principles and concepts of cooperation in the field of global and regional security at the external level, as well as in the context of an internal mechanism to eliminate tensions between BRICS member states (for example, in relations between China and India, Iran and Saudi Arabia, etc.).

At the meeting in St Petersburg, BRICS countries discussed forms of interaction in the face of geopolitical challenges that could escalate into armed conflicts. The representative of India, National Security Adviser to the Prime Minister of India Ajit Doval, in his speech cited the example of the popular expression in his country, ‘the whole world is one big family’, which for BRICS countries means not idealising the situation, but striving to move in the paradigm of common efforts in the field of security and overcoming modern challenges in a timely manner.

In this context, Serbia’s interest in BRICS is indicative. Thus, the representative of Belgrade, Deputy Prime Minister Aleksandar Vulin, at the meeting in St Petersburg, stated that EU pressure on the issue of Kosovo and Metohija could force Serbia to join BRICS. “For Serbia, BRICS is a chance and a real alternative to the EU, which does not require anything in return, but can offer more”, A. Vulin stressed.

In addressing pressing issues, the high representatives of the St Petersburg meeting of BRICS countries also discussed the peaceful settlement of the Russian-Ukrainian crisis. Indian Representative A. Doval, at a meeting with Russian President Vladimir Putin, reported on the details of Prime Minister Narendra Modi’s meeting with the head of the Kiev regime, Vladimir Zelensky.

During meetings with high representatives of BRICS countries on security issues, Vladimir Putin thanked all colleagues for their fruitful joint work and asked them to convey good wishes and an invitation to the leaders of their countries to the organisation’s high summit in Kazan on October 22-24.

During the meetings with representatives of China, India and Iran, the parties confirmed the high level of relations between our countries, discussed topical issues of cooperation and prospects for their growth. Naturally, a considerable part of the issues (especially in the field of security) remained behind ‘closed doors’ for objective reasons. However, the fact remains that the West will no longer be able to impose its dictate on the rest of the world because the agenda of active and equal cooperation between the countries of the Global South and the East is expanding.

BRICS security meeting develops the tradition of cooperation between the Global South and the East 

The forum in St Petersburg has become the latest development in the tradition of BRICS summits to discuss issues of ensuring national, regional and international security, as well as areas of interaction between the participating countries of this organisation. Most of the meeting was held behind closed doors. The official materials note that the following issues were discussed: the parameters of the future world order; overcoming the order imposed by the West based on the rules of dictate; the development of multipolarity; coordination of actions in the conditions of confrontation and unpredictability in world affairs.

As the Secretary of the Security Council of the Russian Federation, Sergei Shoigu, noted, such meetings in an expanded format are becoming a good tradition for interaction between the Global South and the East.

 

Alexander Svarants – PhD of Political Science, Professor, especially for the online magazine “New Eastern Outlook

 

https://journal-neo.su/2024/09/17/meeting-with-brics-high-ranking-officials-responsible-for-security-matters-a-serious-effort-in-the-fight-against-global-threats/

 

READ FROM TOP

 

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

optimistic beancounters....

CPA Australia, an international member organization, said it is optimistic about China's economic growth potential and is looking for long-term cooperation with Chinese industrial players such as fostering more skilled accounting professionals.

The organization attended the 2024 China International Fair for Trade in Services for the first time this year and said it is a premier event of its kind in China and globally.

During CIFTIS, which concluded in Beijing on Monday, CPA Australia signed three memorandums of understanding with Australian National University, Beijing Software and Information Service Industry Association and Beijing Power Supply Association.

"In the field of accounting in China, we found the need for greater understanding of reporting in ESG, compliance with sustainability standards, and the use of artificial intelligence in auditing," said Dale Pinto, global president of CPA Australia. "A big challenge for everyone is talent management. The skill set that we need now and in the future is very different, and all the workforce need to be trained and upskilled."

Pinto added that CIFTIS' theme of Global Services, Shared Prosperity this year underlines the exciting opportunity to grow the bilateral relationship between Australia and China.

China has been Australia's largest trading partner for 15 consecutive years. For China, Australia stands as its seventh-largest trading partner. Last year, the bilateral trade value between the two countries reached a record 1.61 trillion yuan ($226.85 billion), up 9.8 percent year-on-year, the Ministry of Commerce said.

Earlier this year, CPA Australia conducted a survey about the economy and business prospects in the Chinese mainland, and the results show that the Chinese mainland remains an attractive investment destination.

In particular, regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta region will continue to attract domestic and foreign enterprises and investors.

The survey forecast that the Chinese economy is expected to continue the trend of steady progress this year. Among the total, 78 percent of respondents said in the next three years, their enterprises plan to expand business activities in the Chinese mainland.

Pinto said those findings have been positive signals. In the next few years, he expects the growth areas in China to include the green economy such as green financing, ESG and low-carbon footprint. In addition, technological and digital transformation sectors such as artificial intelligence, as well as talent management are foreseen to embrace growth.

Meanwhile, accounting firm Ernst & Young, which has participated in CIFTIS for five consecutive years, said amid increasing global economic uncertainties and sluggish economic recoveries, the Chinese economy still shows strong resilience and vitality.

It has provided a broad market and a favorable business environment for domestic and foreign enterprises.

"China's innovation in fields such as digital technology, artificial intelligence and green energy has been driving the country's economy growth toward a direction with higher quality, higher efficiency and better sustainability," said Jane Yang, managing partner of Ernst & Young Beijing office.

"Those sectors boast significant growth potential. They have injected new vitality into the Chinese economy, and provided new service demand and business growth opportunities for professional service companies such as Ernst & Young."

https://www.chinadaily.com.cn/a/202409/18/WS66ea2821a3103711928a857e.html

 

READ FROM TOP

 

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

modern china....

 

Modernization is not equal to Westernization     By Swaran Singh

 

All emerging powers have to craft their foreign policy lexicon to explain their national objectives. This has become a prerequisite in the face of rising expectations from their interlocutors and competitors alike, for they have to make sense of emerging powers' future trajectories and policy priorities. For instance, 19th century Great Britain projected itself as the "balancer" amid European countries' power struggles and as a "global benefactor" by using the "white man's burden" theory to explain its colonial expansion worldwide.

As a 20th century superpower, the United States initially opted to remain "isolationist" — an impulse that keeps showing up in its policies even today. Despite being a reluctant participant in the two world wars, it finally chose to "lead the world" through its network of military alliances, international institutions and in the name of spreading "democracy" and free-market economy.

The 21st century has been witness to China's unprecedented rise. So the world expects China to explain its national priorities and principles. The "new era" has accordingly seen China enunciate novel concepts like the "Chinese Dream", "national rejuvenation" and the building of "a community with a shared future".

The three years that the world lost because of the COVID-19 pandemic have made the international community increasingly aware of China accounting for nearly one-third of global manufacturing, reflecting the increasing power of President Xi Jinping's vision. China's rise has seen most Western powers running around with their "protectionist" firefighting measures, while calling for "on-shoring" and accusing China of exporting its "overcapacity", which they claim has made China's exports increasingly competitive.

This has made modernization, which New China has been pursuing since its founding in 1949, and now formally termed "Chinese modernization" the biggest policy enunciation of China. The idea of inclusive modernization is often traced back to the late 1970s when late leader Deng Xiaoping advocated for "four modernizations". Under President Xi's leadership, the concept has become unitary Chinese modernization.

Since the Western capital-driven model of rampant urbanization and industrialization of the last century has created the irreversible climate crisis and inequality, the developing and less- and least-developed countries have been searching for alternative development paradigms. And the Chinese leadership's enunciation of Chinese modernization can be an alternative to Westernization, which for long was viewed as the only model for achieving economic development.

The idea of "Chinese modernization" featured prominently in the "historical resolution" of the Communist Party of China Central Committee in 2021 and was mentioned 11 times in the Chinese version of the political report to the 20th CPC National Congress in October 2022. The term has since found mention in various other reports and speeches, and has been refined further to be made part of global narratives. Broadly speaking, China's development model seeks to achieve shared and common prosperity for all and do so through the balanced material-cultural-ethical pursuit of peaceful national rejuvenation under the leadership of the Party. The Party will also ensure the pursuit of high-quality development while adhering to socialism with Chinese characteristics fulfills the country's goal of developing whole-process people's democracy.

What makes Chinese modernization of global significance is the way it has shattered the myth of Westernization equals modernization. Other than President Xi's enunciation of his vision for Chinese modernization, the heft of China's development model and its game-changing potential lies in its $17.79 trillion economy that drives its $1.5 trillion investments in Belt and Road projects.

The magnetic pull of the Chinese development model lies in its being rooted in China's ancient wisdom of equitable and sustainable development. And it is because of its people-centric nature that China's economic development enabled it to lift more than 800 million people out 

 

https://www.chinadaily.com.cn/a/202409/18/WS66ea0a72a3103711928a84c6.html

 

READ FROM TOP

 

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.