China will continue to improve its business environment and deepen institutional reform, which will steer economic globalization towards open, inclusive, balanced, and win-win results and contribute to the global economy.
For both parties, it is about facilitating a future path to sustained growth, establishing a partnership that transcends culture, religion, and ideology alike, and one which moves them away from the ‘oil for security’ paradigm.
The effective implementation of the RCEP agreement will accelerate China’s opening-up, which will facilitate more countries to tap into the market potential of the world’s second-largest economy.
This stands as a testament to China’s own story and transformation and how the country – once one of the poorest in the world – is moving towards providing upper incomes to its residents, fleecing what many economists warned as the ‘middle-income trap.’
Globalization is an irreversible trend. The question in today’s world is not whether globalization can be revoked but whether the process ought to be more balanced and fairer.
America’s problem with Iran is not, in fact, about nuclear weapons. Instead, it is a question of regional hegemony, that is, ‘who dominates the Middle East.’
To say that China’s work in Africa is only malicious or of bad intent is simply misleading – it is time to recognize the social dynamics of this relationship for what it is: based on equality, fairness, and justice for the global south.
As continuity is the main characteristic of China’s history and progress, its metamorphosis will further evolve in 2022.
Ultimately, this is not about which country wins or loses; it is not about ‘political influence’ or ‘power blocs’ – it is about building up global resources and capacity to offset the impact of the pandemic in a collaborative way.
If the incapacity of European governments to cope with the growing protests continues, and they cannot alter economic systems significantly or promptly resolve social problems, the future of Europe may be in jeopardy.
Ultimately, systematic and comprehensive measures need to be taken to shore up weaknesses in China’s education system.
The year 2022 seems more challenging for Biden, who presides over a nation facing more problems than meets the eye.
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