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China's Economy - and Globalization - A Look into the Future

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Peter Koenig
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Look at the huge continent of Eurasia which is also connected to Africa. To serve this enormous landmass no seas have to be crossed. Its easy trading, friendly relations, no conflicts, because equal partners strive for the real meaning of trade, no losers, only win-win. Then there are the countries of the Shanghai Cooperation Organization (SCO), which in addition to China include also Russia, India and Pakistan - and soon also Iran, with Malaysia and Mongolia in observation status waiting in the wings.

China is also boosting trade among the ASEAN+3 countries (Association of Southeast Asian Nations - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam; plus 3 = Japan, South Korea and China). Monetary transactions will take place in local currencies, not the US dollar. They will be using CIPS (Cross-Border Interbank Payment System), avoiding the dollar controlled SWIFT payment scheme.

SCO and ASEAN+3 account for about half the world population and for one third of the globes economic output. It is a formidable market and most of it on this huge landmass called Eurasia. No need for the belligerent west.

This new form of non-aggressive and non-invasive globalization may make example and evoke reflection. Perhaps it may serve others, Europe for instance - as a vehicle to recover from the colossal corona collapse. Imagine a globalized world among equals - a community seeking a common future for mankind.

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Peter Koenig is an economist and geopolitical analyst. He is also a water resources and environmental specialist. He worked for over 30 years with the World Bank and the World Health Organization around the world in the fields of environment and water. He lectures at universities in the US, Europe and South America. He writes regularly for Global Research; ICH; New Eastern Outlook (NEO); RT; Countercurrents, (more...)
 
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