The global economy is resetting, China is repositioning itself to export innovative technologies, and its trading partners are more diverse.
https://www.mckinsey.com/mgi/overview/i … re-diverse
Is ‘Made in China 2025’ a Threat to Global Trade?
https://www.cfr.org/backgrounder/made-c … obal-trade
China’s global investments have grown dramatically in recent years, surpassing the United States as the largest trading partner with many countries in Latin America and Africa.
China is set to dominate the EU marketplace, supplanting Germany's industrial and auto dominance. Below is an interesting view on the matter:
Chinese car companies make offers for VWs car plants in Germany
https://www.youtube.com/watch?v=BtOFo4zr8Ts
China is challenging America’s strategic influence across the globe.
From official investments in key industries like infrastructure, aerospace, and power to investments by Chinese state-owned companies in new technologies like 5G, China has pledged to become a world economic leader which is uniting nations, including former vital partners with the U.S., under BRICS or other regional trade agreements.
Under its “China Standards 2035” plan, China aims to set the global standards for the next generation of technologies, from telecommunications to artificial intelligence, a move that may have enormous implications for tech industries worldwide.
China dominates many of these markets today, not just in Africa or South America, but in the EU as well.
In 2019, China surpassed the United States in the size of its diplomatic network, citing 276 diplomatic posts, including embassies, consulates, and permanent missions to international organizations.
This effort and its positive results, have snowballed since America chose to directly oppose Russia, using sanctions, confiscations, and direct and indirect support militarily. The nations of the world noted, correctly, that if America could do that to Russia, it could do that to any nation at any time.
China is in the process of spending over $1 trillion on its “Belt and Road Initiative” which is seven times the size of the Marshall Plan in real dollars.
This initiative builds new markets for Chinese goods and increase China’s economic connectivity in over 130 countries around the world, encompassing more than 60% of the world’s population and over one-third of global GDP; including 40 out of 54 African countries.
In 2018, China launched the China International Development Cooperation Agency to coordinate and advance its commercial and foreign policy interests around the world through foreign aid.
In 2014, China launched the Asian Infrastructure Investment Bank which has 110 member states, including many of America’s strategic allies.
In 2021, China's latest '5 year plan' created an economic roadmap with a goal of raising the country’s per capita output levels up to that of nearly three times the 2020 level by 2035.
“China Standards 2035” creates a path for China’s government and leading technology companies to increase the number of Chinese standards that become international standards for emerging technologies like 5G internet, the “Internet of Things” applications for manufacturing, and artificial intelligence.
China aims to advance its digital infrastructure and domestic rules globally.
China has invested $170 billion into Latin America since 2005, more than the combined lending from the World Bank, Inter-American Development Bank, and the CAF-Development Bank of Latin America, of which 90% has been directed to four countries: Venezuela, Brazil, Ecuador, and Argentina.
China has increased its investments in Africa by more than 540% over the last 15 years, surpassing the U.S. as the largest trading partner to Africa in 2009 and becoming the top exporter to 19 out of 48 countries in sub-Saharan Africa.
China spent more than $48 billion on diplomacy and development across East Asia and the Pacific between 2000 and 2017.
China has used floods of high-quality industrial investment from Hong Kong, Taiwan, Japan, Korea, the EU and America to become a center of world manufacturing.
These are structural changes that will not be reversed; rather, they are likely to accelerate. The US needs tough policies and a willingness to recognize their accomplishment and a create a determination to match it.
If America does not change its ways, of funding massive, fruitless wars that destroy nations and leave millions dead or homeless, America will be completely supplanted as the 'International leader' and likely be ostracized by a growing majority of the world that no longer trusts America or wants to rely on it for trade or economic stability.
