Interesting articles: India follows China in bulding ties with Africa, Gulf close ties with ChinaAfrica» China» energy-crisis» globalization» India» Middle-East»
Many people hope that the world governance designed by Americans and British after the second world war can be reformed. I am skeptical, Netherlands and Belgium together have more than 4% of the IMF/WB vote, which is more than China. The upcoming IMF vote and quota reform will change this slightly, but will be far from reflecting the true power structure of the 21st century.
With the upcoming collapse of the Pax Americana, bilateral ties are becoming more important. Take a look at two Financial Times articles:
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Gulf and Chine closer ties article : A quote
“Drawn by mutual self-interest, China and the Gulf – the two great pools of wealth in the world today – are moving ever closer. In the coming days high-powered delegations from several Abu Dhabi investment bodies and from Qatar are expected in Beijing, followed by a senior investment official from Saudi Arabia.
Sheikh Mohammed Bin Rashid al Ma ktoum of Dubai, vice president and prime minister of the United Arab Emirates, last week visited Hu Jintao, the Chinese president. Mr Hu was quoted as urging companies from both sides to increase investment in each other.”
““We see the world economy as revolving around us, our desires and our standards,” says David Rubenstein, co-founder of the US-based Carlyle Group, which is partly owned by the Mubadala investment arm of Abu Dhabi. “But the economic centre of the world is beginning to shift from the US and Europe to the Middle East and Asia.”
The Gulf has been attracted to China for some time. The Chinese economy continues to grow strongly and the currency ...