Back in 2017, early into Donald Trump’s first term as US President, China’s Communist Party leader Xi Jinping turned up to the Davos world economic forum and told the assembled corporate heavyweights and global leaders that China embraced globalisation and was continuing to ‘open up’ to foreign businesses and capital.
China's 'handsome boy' Anthony Albanese has set himself up as a patsy for Xi Jinping and his highly protectionist economic strategy
This has already destroyed much of the rest of the world’s solar panel and other renewable energy industries. And Xi Jinping has built new laws and regulations that give his government the power to restrict supply to any companies or countries he wants to punish. The status that wealthy Chinese consumers used to get from buying high-end Western companies’ products is being replaced by the rise in"patriotic" status consumers get from buying their Chinese competitors’ products instead.
In his view, that seems more likely if the countries he wants to dominate politically and economically are beacons of free trade - particularly if we’re happy to turn a blind eye to his breathtaking hypocrisy and duplicity in pursuit of a quick buck.
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