The Chinese leader has flown out to South Africa for the summit but asked his commerce minister to read out his remarks.

The Chinese leader has flown out to South Africa for the summit but asked his commerce minister to read out his remarks.

    • partial_accumen@lemmy.worldEnglish
      521·
      2 years ago

      Mr Wang said “some country, obsessed with maintaining its hegemony, has gone out of its way to cripple the emerging markets and developing countries”.

      China is #2 in global GDP not far behind the USA. China clings to the “emerging markets” or “developing countries” labels for itself to in gain critical benefits of unequal trade imbalances and lack of regulation. It’s currency is now being used by a handful of countries instead of the USD/EURO. I’m not sure it can claim “emerging markets” or “developing countries” labels itself anymore.

      • andyburke@kbin.social
        293·
        2 years ago

        Additionally, I’m not sure how China would have reached this position without a specific effort by the United States to engage in increased trade with them.

        We said we would trade more in the hopes of an improving human rights situation and steps toward democratic self-rule.

        We didn’t get what we were promised. Stop whining, Xi.

        • hark@lemmy.worldEnglish
          11·
          2 years ago

          You thought we were trading with China for the human rights instead of for the cheap labor?

          • MaybeItWorks@sh.itjust.worksEnglish
            5·
            2 years ago

            The US is basically Willy Wonka mumbling “Stop. Don’t.” When it comes to human rights in China. Just the minimum effort to maintain the illusion of caring.

  • givesomefucks@lemmy.worldEnglish
    7·
    2 years ago

    Leaving Brazil, India, and South Africa to listen to putler…

    Although, I guess Xi is still going to be there? Just not personally delivering a speech

  • JungleJim@sh.itjust.worksEnglish
    51·
    2 years ago

    I really don’t know enough to know, but if all these countries that aren’t really friends with the west but have been using the dollar stop doing so, what interest does the west have in maintaining trade? I understand China gained it’s economic status because they were willing to do the labor and manufacturing the west didn’t want to. Are they hoping that if the west stops buying their stuff the global south will buy enough to make up for it?