It was about
2003 when the Chinese Standing Committee got wind of the approaching 2008
Global Financial Crisis and put significant effort into seeking to isolate
China from the imbroglio, and in most ways the plans succeeded; thus China didn’t
go through the Crisis to any extent near what the Western World did.
In the
general scheme of things, in the mid 2000s, it was expected that the Chinese
economy would overtake that of Japan and the US by about 2030. Everyone
basically agreed that this would happen, but due to the withdrawal of so much
real money from the Western economies in 2008 and beyond, then China simply
rose much faster, and have been doing well, hell for leather, ever since.
A ‘Field
Day’ or ‘Field Decade’ for Chinese capitalism in all its myriad forms. So much
money was coming in that President Xie was confident enough to put into place
the One Belt One Road Initiative, reshaping the world of Trade, using the
ancient Silk Road Trade Routes to Europe, plus a Maritime Trade Route to India
and Africa, and thus to secure good trade capacities and potentials for the
next 50 years at least. The development of the OBOR initiative has been an
amazing exponential phenomenon that does a lot of good for all the countries en
route from China to Europe and does secure trade-ways for China-Russia-Europe
very effectively.
Whilst also
developing Defence Systems within the South China Sea for China’s trading
access and egress, the OBOR initiative means that China is not deeply dependent
upon sea-trade thus attempts by the USA in particular, and its Allies, like Japan
and Australia, on threatening the sea routes doesn’t matter as much to China
now. The countries that would be negatively affected by a shutdown of the South
China Sea routes of trade would be China, for sure, but equally, and probably
more so…The USA and Australia and Japan in particular.
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