Archives Economic cooperation - Page 31 of 35 - New Eastern Outlook

The visit of Treasury Secretary Janet Yellen to the People’s Republic of China from July 6 to 9 this year marked a significant development in relations between the two major international powers.The si gnificance of Janet Yellen’s trip to Beijing turns out to be more relevant, considering that it was given a low possibility a month ago, to the fact that it was accomplished. In light of the general strained condition of bilateral ties, the PRC leadership has demonstrated its willingness to engage in dialogue only with those members of the current US administration…

In recent years, many journalists have tended to be skeptical about the role played by the World Economic Forum in driving contemporary global political processes. The WEF is better known by the name of the town that hosts its plenary meetings, Davos, in Switzerland. A few years ago, when “world government” conspiracy theories were popular, the WEF was frequently listed among shadowy and exclusive membership groups as the Bilderberg Group and the Club of Rome which, supposedly, took decisions of major global significance. At this stage, a few observations may be in order. First of all, it is true that the real global powers in today’s world are losing interest in the Davos Forum. In the author’s view, this interest peaked at the January 2017 meeting of the WEF, at which the Chinese leader Xi Jinping was the chief guest…

In recent months, the USA has stepped up efforts to discredit the New Development Bank (NDB), which, in addition to the five BRICS countries, includes Egypt, Bangladesh, and the UAE, while about 20 other countries are candidates to join. The reason for this activity on the part of Washington is simple and clear. The Americans want to slow down the process of forming an alternative global financial infrastructure. China is working to shift its commerce away from the dollar and has absolutely no intention of stopping…