Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRussia and China Are Teaming Up as the World's New Power Elite
http://www.alternet.org/world/russia-and-china-are-teaming-worlds-new-power-eliteIf there were any remaining doubts about the unlimited stupidity Western corporate media is capable of dishing out, the highlight of the Asia-Pacific Economic Cooperation (APEC) summit in Beijing has been defined as Russian President Vladimir Putin supposedly hitting on Chinese President Xi Jinpings wife and the subsequent Chinese censoring of the moment when Putin draped a shawl over her shoulders in the cold air where the leaders were assembled. What next? Putin and Xi denounced as a gay couple?Lets dump the clowns and get down to the serious business. Right at the start, President Xi urged APEC to add firewood to the fire of the Asia-Pacific and world economy. Two days later, China got what it wanted on all fronts.
1) Beijing had all 21 APEC member-nations endorsing the Free Trade Area of the Asia-Pacific (FTAAP) the Chinese vision of an all inclusive, all-win trade deal capable of advancing Asia-Pacific cooperation see South China Morning Post (paywall). The loser was the US-driven, corporate-redacted, fiercely opposed (especially by Japan and Malaysia) 12-nation Trans-Pacific Partnership (TPP). [See also here].
2) Beijing advanced its blueprint for all-round connectivity (in Xis words) across Asia-Pacific which implies a multi-pronged strategy. One of its key features is the implementation of the Beijing-based US$50 billion Asian Infrastructure Investment Bank. Thats Chinas response to Washington refusing to give it a more representative voice at the International Monetary Fund than the current, paltry 3.8% of votes (a smaller percentage than the 4.5% held by stagnated France).
3) Beijing and Moscow committed to a second gas mega-deal this one through the Altai pipeline in Western Siberia after the initial Power of Siberia mega-deal clinched last May.
4) Beijing announced the funneling of no less than US$40 billion to start building the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
2 replies, 582 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (2)
ReplyReply to this post
2 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Russia and China Are Teaming Up as the World's New Power Elite (Original Post)
xchrom
Nov 2014
OP
djean111
(14,255 posts)1. "The loser was the US-driven, corporate-redacted, fiercely opposed (especially by Japan and
Malaysia) 12-nation Trans-Pacific Partnership (TPP). "
And yet THIS is what Obama and the GOP Congress are going to agree upon. And we will be smugly told that not wanting the TPP is a pony. The TPP is the crown jewel for corporations and banks.
No vote from me for any politician who endorses it.
And yet THIS is what Obama and the GOP Congress are going to agree upon. And we will be smugly told that not wanting the TPP is a pony. The TPP is the crown jewel for corporations and banks.
No vote from me for any politician who endorses it.
newfie11
(8,159 posts)2. BRICS may make things very interesting
Of course here in America our news media ignores it.